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April 18, 2024
PI Global Investments

Mt. Gox Bitcoin (BTC) Payments Move Closer

Mt. Gox’s repayment of customers who lost a combined 850,000 BTC – now valued at $33 billion – during its hack of 2014 appear to be progressing.

The e-mails confirm the recipients will receive payment in bitcoin or bitcoin cash (BCH) to their account with the crypto exchange which they had previously nominated.

Mt. Gox was launched in 2010 and was the world’s biggest crypto exchange at the time of the hack in 2014. It was ultimately able to recover around 20% of the stolen funds. In December, some customers reported receiving payouts in yen to their Paypal accounts.

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