Express

Creditors Can Claim 90% Of Bitcoin They Are Owned From Mt. Gox: Bloomberg Reporter

Mary Liu

Summary: CoinLab and Mt.Gox creditors have reached an agreement on the Bitcoin claim. Creditors can claim 90% of the Bitcoin they owned from Mt. Gox, according to a tweet from Bloomberg reporter Matt Leising. Mt.Gox was once the largest Bitcoin trading platform until 850,000 BTC were stolen by hackers in 2014. Last December, the MT.GOX client submitted ...

CoinLab and Mt.Gox creditors have reached an agreement on the Bitcoin claim. Creditors can claim 90% of the Bitcoin they owned from Mt. Gox, according to a tweet from Bloomberg reporter Matt Leising.

Mt.Gox was once the largest Bitcoin trading platform until 850,000 BTC were stolen by hackers in 2014. Last December, the MT.GOX client submitted a draft liquidation compensation plan. The draft plans to release 140,000 BTC to creditors. The creditors can choose the form of compensation, such as receiving fiat currency or a mix of fiat and Bitcoin or Bitcoin Cash.

By Mary Liu

Last Update:

Tags: ,,,,
Link: Creditors Can Claim 90% Of Bitcoin They Are Owned From Mt. Gox: Bloomberg Reporter   [Copy]
Next:

Related Articles

  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 2 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 3 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 5 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 6 days ago
  • Bitcoin Surges to New Highs, Momentum Points to Further Gains 10 days ago

    • You need to login to comment.