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Tag Archives: mt gox

Mt. Gox Creditors Have Until January 2023 to Select a Repayment Method

Mt. Gox creditors could be one step closer to reclaiming their funds after nearly a decade of waiting. This is as the Rehabilitation Trustee has released a deadline for them to select their preferred repayment method. Nobuaki Kobayashi, the man in charge of the Mt. Gox rehabilitation process, published a new update for creditors on Thursday (October 6, 2022). In it, creditors were told that they had until January 10, 2023, to choose a payment option and register payee...

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The Kraken Story: An Exchange to Offset Mt. Gox

Kraken – a popular cryptocurrency exchange founded in 2011 by Jesse Powell – has recently offered its books to auditors to show them the company has heavy reserves of BTC, ETH, and Tether on file. Kraken Has Tried to Do a Lot of Good Kraken was founded in San Francisco, CA, which appears to be the ultimate hosting grounds for many crypto businesses considering this is long where Coinbase was stationed before deciding it was going to operate on a fully remote business...

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Mt Gox Creditor Refutes Bitcoin Dumping Rumours

Eric Wall, a creditor of Mt. Gox, confirmed that new reports swirling that 137,000 BTC sent to creditors would soon be dumped on the market are false. In a recent Twitter thread, Wall said the repayment system is not live yet. While addressing the rumors floating around across social media channels, the former CIO at Oslo-based crypto investment firm Arcane Assets said the payouts will also occur in tranches over months instead of offloading thousands of BTC all at once,...

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Thieves Continue to Call the Crypto Space Home

2022 has been a rough year thus for crypto investors in the sense that bitcoin and many of its altcoin cousins have had a hard time keeping their prices stable. However, the year has also been difficult because thieves have become so prominent in the space. At the time of writing, it appears crypto thieves have stolen more than $1.2 billion in crypto funds in 2022, and we’re not even at the halfway point. Why Are Thieves So Prominent in the Crypto Industry? Mitchell...

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Mt. Gox-Gründer Mark Karpelès startet Bitcoin Rating-Agentur

Die Kryptobörse Mt.Gox wickelte 2013 knapp 60 Prozent des globalen Bitcoin-Handels ab. Mt. Gox war einmal die grösste Bitcoin-Börse. Der Gründer Mark Karpelès meldet sich mit der Gründung einer Rating-Agentur für Krypto-Börsen in der Bitcoin-Szene zurück. Die Rating-Agentur startet unter dem Namen Ungox. Die Kryptobörse Mt.Gox wickelte 2013 knapp 60 Prozent des globalen Bitcoin-Handels ab – bis 2014 die Insolvenz folgte. Der Ex-Chef Mark Karpelès...

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Mark Karpeles of Mt. Gox Infamy Unveils UnGox, a New Crypto Ratings Service

Mark Karpeles – the man behind the legendary failure of crypto exchange Mt. Gox in Japan – has announced he will be establishing a new crypto ratings service he’s calling UnGox. It’s allegedly his way of making up for the past and saying he’s sorry for being involved with one of the biggest – and ugliest – crypto schemes in the history of the space. Mark Karpeles Develops Crypto Tool UnGox Mt. Gox was a crypto exchange that has been lost to time, but its infamous...

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Crypto Security Network Rise Up Unveils Its Own Digital Asset

Rise Up – a platform that assists in the establishment of digital currency transparency and security – has launched its own unique token for traders to enjoy. Rise Up Is Releasing A Unique Cryptocurrency The company was initially designed to assist cryptocurrency exchanges in making their operations far more secure and stable. The firm is garnering heavy attention given that the crypto space and its security (or sometimes lack thereof) have been extremely important...

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Mt. Gox Creditors Could Receive Billions in BTC as Latest Rehabilitation Plan Gets Approval

The trustee responsible for handling the Mt. Gox hack and the victims’ claims has updated that the rehabilitation plan was approved by the majority of creditors. Consequently, the creditors could receive roughly $9 billion in BTC by the end of the year. Mt. Gox was once the biggest cryptocurrency exchange responsible for 70% of the transactions in bitcoin’s early days. That all changed after the notorious hack seven years ago when hackers duped 850,000 bitcoins, some of which...

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Liquid Exchange Hacked, Loses Nearly $100 Million

A crypto exchange known as Liquid – which is based in Japan – has been hacked, leaving it short of nearly $100 million in digital funds. Liquid Has Lost a Lot of Money The hackers involved in the incident have allegedly taken as much as $97 million in digital currency at the time of writing. Several assets – including bitcoin, Ethereum and Litecoin – have been stolen. Liquid has reported that the hacker is allegedly transferring this money to as many as four separate...

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