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Users of the Mt crypto exchange that went bankrupt in 2021. Gox got the opportunity to return some of the lost bitcoins
The users of the crypto exchange Mt. Gox, which filed for bankruptcy in 2021 due to the loss of a significant part of its funds due to hacker hacking, has the opportunity to get back its bitcoins. At the time of the bankruptcy of Mt. Gox was the world’s largest bitcoin exchange. Hackers managed to steal 750 thousand. bitcoins of exchange users, as well as 100 thousand. bitcoins from her own funds.
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As reported by Bloomberg, CoinLab, one of the largest lenders of Mt. Gox, entered into an agreement with the trustee of the bankrupt exchange Nobuaki Kobayashi and the Fortress company, which bought up the claims of its creditors, which will allow investors to return up to 90% of the remaining bitcoins. Thanks to the agreement, investors will be able to either cut their losses and receive early payment, or wait until the legal process is completed and, possibly, get more. The agreement will enter into force upon approval by investors.
It should be noted that most of the stolen funds were never returned. For every bitcoin stolen, the fund only has 0.23 coins to pay out. On the other hand, at the time when Mt. Gox went bankrupt, bitcoin was trading at $ 489, and at this time its value is about $ 37,000, which is about 75 times higher.
We add that the former CEO of Mt. Gox Mark Karpeles was found not guilty of embezzling funds that led to the bankruptcy of the exchange, but was convicted of falsifying documents and received 2.5 years of probation.