Mt. Gox to give Major Win for Creditors.
Mt. Gox trustee Nobuaki Kobayashi marked a pause of the exchange's bankruptcy proceedings and the beginningof a civil rehabilitation process, commenced by the Tokyo District Court on June 22.
A hack in 2014 resulted in a major collapse of Mt. Gox - once the world's largest crypto exchange. $473 mln were gone - the largest single crypto loss until this year’s $534 mln Coincheck hack.
Luckily for the creditors who demanded a repayment of their lost funds in BTC, they may now receive circa $440 per Bitcoin (based on its price when the bankruptcy proceedings began). This is more than those who sought to be repaid in fiat would receive.
Thus, Mt. Gox's BTC holdings will not need to be sold any more.
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YEAH BUT WHAt happeends to the rest to the coins?
It lawer who holds the coins is very powerful!
That firm can drop the price of btc at any time they want... crazy in my opinion!
Mt. Gox's BTC holdings will not need to be sold any more because he said when the price of the bitcoin is boom he sale more coins...
jep but whats with the rest that he holds? don't u see the problem?
of cause legally he not allowed to sell more because everyone has been paid!
But what happens with rest of the coins? do know that ? that's the biggest issue for me ;O)
excess of everything is bad...
Btc will boom when it supported in all contry
yes i also think when all the world enter in crypto bitcoin boom and no any want stop them...
mt gox has some issue otherwise it was great exchnage in 2013