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After a 10 Year Wait, Mt. Gox Bitcoin Is Finally Being Returned
Jul 8, 2024
Former Mt. Gox customers are getting reunited with lost bitcoin after a long legal battle. They are receiving a fraction of their original holdings, leading to a $9bn windfall. Some feel celebratory while others worry about potential security risks.
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- Former Mt. Gox customers are set to recover $9 billion in lost Bitcoin, providing financial relief.
- Customers faced a decade-long bureaucratic process to recover funds, with legal battles prolonging repayment.
Deep dives
Mt. Gox Customers Reunited with Lost Bitcoin After Bankruptcy
Former customers of bankrupt crypto exchange Mt. Gox are set to recover their lost Bitcoin, valued at around $9 billion. Mt. Gox's bankruptcy in 2014 left customers in a bureaucratic ordeal to retrieve their funds. The trustee announced crypto repayments starting in July, giving customers a 15% return on their Bitcoin. The rise in Bitcoin price since the theft means customers could see significant financial gains.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode