In a significant development, wallets associated with the defunct cryptocurrency exchange Mt. Gox have transferred a substantial amount of Bitcoin. Data from Arkham Intelligence reveals that approximately 43,000 Bitcoin, valued at $3 billion, were moved on May 28. This marks the first such transfer in five years and signals a
Creditors of the now-defunct cryptocurrency exchange Mt. Gox have reportedly begun receiving reimbursements after the business’s 10-year closure. Since February 2014, these creditors’ monies have been stuck on the exchange. There have been rumblings on social media, namely on the r/mtgoxinsolvency subreddit, that Mt. Gox is allegedly using PayPal to
The window for reimbursements to creditors of the now-defunct cryptocurrency exchange Mt. Gox has officially opened with the passing of the deadline for inputting payback information. About a decade ago, in February of 2014, the Tokyo-based crypto exchange filed for bankruptcy, making it one of the first crypto exchanges to
Creditors of Mt. Gox will now have an extra month to register. There has been a one-month extension given to creditors to submit claims after the notification that the deadline has been pushed back from March 10 to April 6. It’s been a month since the original distribution deadline was
The first payback instalment from Mt. Gox has been postponed by two months, from July 31 to September 30 per a notice from the creditors. Payments will now begin on March 10th, two months later than originally planned. In addition, the January 10th deadline for submitting financial information and cryptocurrency
Tragic price crashes in the aftermath of a collapse or crypto heist victimize Bitcoin. This year’s cascade of collapses – Terra catastrophe, Celsius bankruptcy, and now FTX collapse, continue to weigh on the worth of the global crypto market. Bitcoin and the whole ecosystem of altcoins crashed down to its
