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Mt.Gox

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Mt. Gox Hacker Holds $3.18 Billion in Bitcoin, Among the 1,000 Richest People in the World

The Mt. Gox Bitcoin exchange suffered a major hack in 2014, resulting in the loss of hundreds of thousands of Bitcoin. The hacker siphoned out around 650,000 BTC over three years, with many of the Bitcoins laundered on BTC-e. Forensic analyses estimate that the Mt. Gox hacker still holds 79,957 BTC, making them one of the 1,000 richest people in the world with a net worth comparable to Michael Jordan. The hack exposed weak security protocols at Mt. Gox and still haunts Bitcoin investors and the cryptocurrency market.

Mt.Gox trustees have contacted creditors to confirm their account details and the company is prepared to repay claims

The trustee of the bankrupt cryptocurrency exchange Mt.Gox has contacted creditors to confirm their account details and is preparing to repay debts. At least two creditors have reportedly received funds. In emails sent to several creditors, the Mt.Gox recovery trustee confirmed the existence of their accounts and indicated that repayment in Bitcoin and Bitcoin Cash is expected. The email warns that if your account is disabled or frozen in the future, you may not receive repayment in BTC/BCH. Some creditors have shared copies of their emails on Reddit. It appears that users of Bitstamp and several Kraken users have received confirmation. A creditor from Poland and another from Japan have reported receiving repayment, with 80% of claims refunded in USD via bank transfer.