5 Years Later, Mt. Gox Victims Still Want to Know: ‘Where’s our Bitcoin?’

It seems like just yesterday when Bitcoin investors were startled by the news that Mt. Gox, one of the world ’s first Bitcoin exchanges, was in serious trouble. Five years ago, on Feb. 24, 2014, reports began circulating that the Bitcoin exchange had lost three-quarters of a million bitcoins. One day later, the company – perhaps the closest thing to a single point of failure in the Bitcoin industry – announced that it was shutting down operations. I hope this isn't true, but I received report allegedly from Mt. Gox…

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Revealed: A Bitcoin Billionaire’s Shocking Plan to Revive Mt. Gox – Crypto’s Most Notorious Exchange

Brock Pierce wants to see balance in the world. He effects this vision in more ways than one. For starters, he says he “positively discriminates against people who need a hand up.” But more importantly, he’s currently in the process of discriminating against himself in the settlement of the Mt. Gox affair. You know, the origin of the term “Goxxed“? Gox Rising: An Equitable Resolution to the Mt. Gox Disaster? Through a project called Gox Rising, Pierce, who is arguably the only shareholder in Mt. Gox, is seeking to ensure…

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Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

Defunct bitcoin exchange Mt. Gox has opened up its online rehabilitation claim filing system to corporate creditors who were holding cryptocurrency funds on the platform when it went belly up in 2014. Mt. Gox rehabilitation trustee Nobuaki Kobayashi made the announcement in a document dated Sept. 12 and published on the Tokyo-based bitcoin exchange operator’s The post Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors appeared first on CCN

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Bitcoin Briefly Drops to $9,000: Factors Behind the Decline

On March 8, the price of bitcoin dropped to $9,000, after reaching $11,000 merely 48 hours ago. Analysts have attributed three major factors to the decline in the price of bitcoin: Mt. Gox sell off, SEC announcement, penalization of Japanese exchanges. Mt. Gox Trustee Sell-Off According to the official document released by the Mt. Gox The post Bitcoin Briefly Drops to $9,000: Factors Behind the Decline appeared first on CCN

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Mt. Gox Trustee Sells $400 Million in Bitcoin, Bitcoin Cash in 6 Months

The Tokyo lawyer and trustee for defunct bitcoin exchange Mt. Gox has disclosed the sale over $400 million in Bitcoin and Bitcoin cash since September 2017. In an announcement [PDF] today, Tokyo District Court-assigned Trustee Nobuaki Kobayashi who is overseeing the Mt. Gox creditors’ claims investigation said he sold approximately $406.6 million (JPY 42,988,044,343) in The post Mt. Gox Trustee Sells $400 Million in Bitcoin, Bitcoin Cash in 6 Months appeared first on CCN

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