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

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

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).

18 Dec 2017

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