According to Reddit, some Mt.Gox lenders have stated that the site's official digital asset return form has recently been updated. This includes the expected number of tokens that will be withdrawn (BTC, BCH and Japanese Yen (JPY), as well as the status of the payouts. It is expected that digital assets in the amount of 142 thousand will be distributed among clients of the trading platform. BTC, 143 out. BCH and 69 billion JPY. Transactions will be completed by October 31, 2024.
Mt.Gox was one of the largest and most popular Bitcoin exchanges at the time. It was launched in 2010 in Japan. However, in 2014, it faced serious problems and declared bankruptcy.
Mt.Gox's problems began at the end of 2013, when security problems and BTC leaks were discovered on the trading platform. The loss of about 850 thousand coins was announced, which was approximately 7% of all bitcoins in circulation at that time. This became one of the largest incidents of theft of cryptocurrency funds in history.
As a result of the incident, Mt.Gox management temporarily suspended all operations and filed for bankruptcy in February 2014. Then it was announced that about 200 thousand allegedly “forgotten” bitcoins that belonged to Mt.Gox had been discovered. The investigation found that most of the lost BTC was stolen by hackers due to problems in the platform's security system.
The Mt.Gox case was a serious lesson for the cryptocurrency industry and highlighted the importance of security and reliability of Bitcoin platforms. It has also attracted the attention of regulators and reinforced the need for strict rules and regulations for trading platforms.
Since then, Mt.Gox has been in the process of liquidation and returning funds to investors. Some investors have received some compensation, but overall the refund process has been going on for many years and remains complex and controversial.
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