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Creditors of Mt. Gox, a Bitcoin exchange that ceased operations after losing 850,000 BTC in a 2014 hack, have reportedly received an email indicating forthcoming repayments. On Nov. 21, Nobuaki Kobayashi, the trustee in charge of the Mt. Gox Bitcoin exchange’s estate, began issuing emails to rehabilitation creditors about the initiation
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Creditors will start receiving cash repayments from the Mt. Gox Trustee this year. These repayments are specified to be cash and may not include crypto. The defunct Japanese crypto exchange Mt. Gox is set to begin creditor repayments this year, about a decade after its collapse. Creditors of the exchange received an email
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Digital Currency Group reports a 23 percent rise in Q3 revenue to $188 million and reports notable repayments to bankrupt crypto lender Genesis. Digital Currency Group (DCG) has announced a robust 23 percent year-over-year increase in its third-quarter revenue, bringing the total to $188 million, up from last year’s $153 million.
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Top Stories This Week SEC sees temporary setback in request to access Binance.US software The United States Securities and Exchange Commission has failed to win immediate access to Binance.US’s software, with the judge saying he isn’t “inclined to allow the
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Rumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce. Source
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Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors.BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own creditors shouldn’t
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Not all the stolen bitcoin was recovered, so only a fraction of the original amount held by creditors will be compensated, the report said. Source
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While 850,000 bitcoin went missing from the exchange in 2014, it's not that amount that’s potentially being disposed of, because the exchange has recovered 142,000 BTC along with 143,000 in Bitcoin Cash (BCH) and 69 billion Japanese yen ($510 million), representing about 20% of the hack. Source
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FTX's trading arm filed suit in January to recover the loan repayments made before its own bankruptcy filing. Source
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Place/Date: New York, United States - January 11th, 2023 at 5:37 pm UTC · 3 min read Contact: Daniel Choy, Source: Reap Reap, the global fintech company powering expense management through the industry first Reap Visa Corporate Card (“Reap Card”) platform, launches industry-leading
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