About 10 years ago, the largest crypto exchange of its time, Mt. Gox was shut down in February 2014 after an attack resulted in the loss of 850,000 Bitcoins. After the stock market bankruptcy, Mt. It was learned that 6800 BTC was moved from Gox’s wallet the day before.
What are the details of the transaction on the Bitcoin exchange?
The crypto exchange Mt., which went bankrupt after an attack 8 years ago. While it was said that Gox could start to return 150 thousand BTC to his victims, 6800 Bitcoin transfers were made to the wallet of the stock market a short time ago. Subsequently, concerns were observed among investors that such a distribution could create selling pressure on the BTC price. However, it was later found that these concerns were unfounded.
Mao Shixing, founder of crypto mining firm F2pool, said the address in question is Mt. He stated that it did not belong to Gox. The founder of the company said that the wallet address in question was mistakenly identified by Whale Alert as Mt. Gox, but the address originally belonged to one of F2pool’s former miners. Following this development, the former Bitcoin exchange Mt. It turns out that Gox has not had any movement on his address for a long time.
Mt. How did Gox go bankrupt?
Crypto exchange Mt. Gox filed for bankruptcy in 2014. Mt. Gox lost more than 850,000 BTC in the aftermath of the hack that took place between 2011 and 2013. As Cryptokoin.com previously reported, 200 thousand of the stolen BTC amount was later recovered. After bankruptcy, Mt. The legal process between Gox and the victims of the stock market continues.
Last November, the Court approved the compensation scheme for creditors. According to the court’s decision, Mt. Gox will distribute existing Bitcoins to creditors, but the exact date is unknown. The former CEO of the exchange, Mark Karpeles, said in an interview recently that 150,000 BTC is ready to be returned to creditors at any time. The remaining 50 thousand BTC was sold by the board of trustees for 600 million dollars a few years ago.
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