Tag Archives: mt gox

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,...

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...

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...

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...

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...

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...

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...

Bitcoin has been booming as of late, but according to one investor – who wishes to remain anonymous – this isn’t the best time to buy.Anonymous Investor: Buy Bitcoin When People Aren’t Speaking About ItAt first glance, one can understand where these words are coming from. After all, if something is spiking like there’s no tomorrow, the natural idea is that the asset will likely take a dip sometime in the future. That would likely be the best time to buy considering one can get it at a lesser...

It’s hard to believe that after nearly seven years of waiting, there are still many traders and individuals who have not garnered what’s rightfully theirs from Mt. Gox, the now defunct cryptocurrency trading platform in Japan.Mt. Gox Victims Can Now Get Their MoneyHowever, after all this time, it looks like many creditors are finally going to get access to the funds that have been locked up for so long following the company’s bankruptcy filing.Mt. Gox is widely considered one of the worst...

Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance.Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors for 90% of the bitcoins they are owned.Should the deal indeed proceed, the creditors would receive over 135,000 bitcoins out of 150,000. With...