One of the strangest stories in crypto still isn’t over.
Mt. Gox was once Bitcoin’s biggest exchange. Then, in 2014, the exchange shut down its website and announced that hundreds of millions of dollars worth of customers’ Bitcoins had been lost to a series of hackings that went unnoticed over several years.
CEO Mark Karpeles was arrested by Japanese authorities in 2015 on charges of embezzlement and aggravated breach of trust but was eventually acquitted on most of the charges he faced and handed a suspended sentence for falsifying data. Authorities have since unveiled charges against others in connection to thefts of Bitcoin from Mt. Gox.
As for the investors who lost their crypto in the collapse, a massive jump in the price of Bitcoin in the years since Mt. Gox shut down has made it possible for them to get at least some of their original investments back. A website set up for the repayment process says, “Base Repayment, Intermediate Repayment and Early Lump-Sum Repayment are currently scheduled to be made by October 31, 2023, but the specific timing of repayment to each rehabilitation creditor has not been determined yet.”
. . . . . . . . . . . . . . . . . . . . . . . . . .Read Also
- Samsung is engaged on dustproofing its foldables
- North Korea vows to ‘annihilate’ U.S., says nation can be terminated this century
- Bharat 6G Alliance Platform for Stakeholders Launched to Push Subsequent-Era Wi-fi Know-how
- Asus ROG Ally Assessment: The Begin of One thing New?
- Redmi SonicBass Wi-fi Earphones 2 With 9.2mm Dynamic Driver Launched in India: Worth, Specs
- CAT Inventory Is In A Purchase Zone With Earnings Due For Dow Jones Heavyweight
- BlackBerry KEY2 LE Leaked Design Renders, Specs Recommend Toned-Down KEY2
- Microsoft CEO Says Google Locking Up Content material Wanted to Prepare AI Whereas Tech Giants Compete Exhausting
- Tesla’s ‘extremely hardcore’ work tradition — as instructed by its workers
- TikTok Music rolls out to Australia, Mexico, and Singapore for testing
Leave a Reply