Victims of the now defunct crypto exchange Mt. Gox are set to begin getting their money back starting in September of this year.
Highlights
- Several creditors have set forth a plan to pay back at least some of the funds that were lost (or stolen) in the company’s collapse.
- The company practically went kaput in February of 2014 when more than $400 million in BTC funds vanished from the platform.
- Some analysts believe this could cause a heavy slump in the bitcoin price, but the news isn’t all good, as some analysts say this could be a factor for a drop in the price of the bitcoin.
- At the time of its collapse, Mt.
- Gox was in charge of more than 70 percent of the world’s overall bitcoin transactions and was considered one of the top five digital currency trading platforms in the world.
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