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REGULATION
by
1 year ago

Mt. Gox is preparing to release 142,000 BTC and 143,000 BCH into the market

2024-01-24

REGULATION
by
1 year ago


https://claims.mtgox.com/#tab-English


On Jan 23, 2024, according to Wu Blockchain and a Reddit post; Mt. Gox sent emails to users to confirm and verify the ownership of the exchange address accounts for payment of BTC, BCH and Yen.

 

Mt. Gox plans to distribute 142,000 BTC ($5.64 billion), 143,000 BCH ($33.48 million), and 69 billion Yen ($465.7 million).

 

Mt. Gox founded in 2006 by Jed McCaleb. He is an American programmer. Mt. Gox based in Tokyo, Japan. McCaleb sold Mt. Gox to Mark Kapeles in 2011.

 

Mt. Gox was the biggest Bitcoin exchange in the world. According to the book Kings of Crypto pg.56. In 2013, 70% of global buying and selling of bitcoins took place at Mt. Gox.

 

Mt. Gox was hacked in 2014, the hacker took between 740,000 and 850,000 BTC worth around $500 million at that time. The exchange could recover only 20% of stolen BTC. 

 

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