Bitcoin Faces Pressure as Mt.Gox Victims Can Finally Claim Assets
iHodl.com
Main page News, Bitcoin, Crypto Market, Cryptocurrency
Hot topic
15 January
203 203

Coinlab, North American bitcoin (EXANTE: Bitcoin) transactions operator for the notorious cryptocurrency exchange Mt.Gox, has said it had reached an agreement with Mt.Gox creditors over the bitcoin case, Bloomberg has learned. Coinlab says the agreement with Nobuaki Kobayashi, the trustee to the Mt.Gox bankruptcy, will allow creditors to claim as much as 90% of BTCs related to the Mt.Gox's hack.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news

However, the plan yet must be approved by the creditors. The investors also can wait for the lawsuits to settle, CoinLab added. The agreement means Mt.Gox's victims could finally claim a total of 137,891 BTCs (~$5 billion).

Mt.Gox Former Clients Allowed to Return Funds

In 2014, Mt.Gox went bankrupt after unknown allegedly stole 850,000 BTCs from its servers. In 2018, the exchange started civil rehabilitation proceedings to reimburse the victims of the cyberattack. Nobuaki Kobayashi, the bitcoin exchange civil rehabilitation trustee sold off the bitcoin reserves in order to pay off the wronged customers.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close