Mt.Gox creditors intend to pull the exchange out of bankruptcy

18.12.2017

In their opinion, this can help with the rehabilitation of the exchange. Mt Gox went bankrupt in 2014, losing hundreds of millions of dollars in Bitcoin. And now, according to Japanese legislation, the exchange should return funds to its users to the same amount, as it was stated 3 years ago. Since the exchange's announcement of its bankruptcy in February 2014, the price of Bitcoin has increased approximately 30-fold. If Mt.Gox retains its bankruptcy status and funds are distributed, according to the Financial Times, the CEO of the exchange, Mark Karpeles, will receive more than 173,000 BTC ($3 billion).

Latest news

20.07.2018
JP Morgan Files Patent for Blockchain-Based Virtual Receipts Management System JPMorgan Chase & Co has filed a new patent for a blockchain-based system that manages virtual receipts backed by assets or bonds.
20.07.2018
Neufund, Binance, and Malta Stock Exchange to Create Issuance Platform for Security Tokens Crypto fund Neufund, Binance, one of the world’s largest cryptocurrency exchanges, and MSX, the innovation arm of the Malta Stock Exchange, have partnered together to form a decentralized global exchange and security token issuance platform.
20.07.2018
New Token Listings: ContentBox, Sweetbridge, CrowdCoinage, and Alttex Trading pairs of initial coin offering (ICO) projects ContentBox (BOX), Sweetbridge (SWC), CrowdCoinage (CCOS), and Alttex (ALTX) were listed on several different cryptocurrency exchanges on July 20.