Mt. Gox, once the leading global Bitcoin exchange, is set to provide a significant return on investment to over 20,000 creditors who lost their assets in a 2011 cyber hack. At its peak, Mt. Gox managed 80% of all dollar Bitcoin trades before a critical bug led to the loss of 950,000 BTC and subsequent bankruptcy in February 2014. Only a fraction of the losses have been recovered, leading to legal actions against the exchange. The court-appointed trustee recently announced extensive safety measures and preparations for repayments, causing a bearish sentiment in the BTC market. While creditors anticipate a remarkable 9900% ROI, concerns about a potential market crash from mass repayments have led to a 20% market decline since the announcement.
Mt. Gox Announcement and Repayments
by Giorgi Kostiuk
a year ago
Other news
High-Profile Athletes Boost Interest in Prediction Markets
The involvement of high-profile athletes like Tristan Thompson has spurred interest in prediction markets as a viable alternative to traditional sportsbooks.
Tristan Thompson Advocates for Sports Prediction Markets
NBA star Tristan Thompson advocates for the growth of prediction markets in sports, emphasizing their potential to transform betting norms and enhance fan engagement.
AAVE Price Set to Surge Toward 125 Following Chart Pattern
AAVE shows signs of a potential rally toward the 125 price level as it forms a familiar chart pattern.
Ethereum Foundation Hosts First App Town Hall to Discuss Future of dApps
The Ethereum Foundation is cohosting the inaugural App Town Hall on November 18, 2025, to discuss future plans and developments in the dApp space.
AAVE Crypto Price Stabilizes Amid Strong Performance Metrics
The AAVE crypto price has stabilized at a key support region, despite strong performance metrics indicating potential for a significant rally.
Nevin Shetty Convicted of Wire Fraud for Misusing $35 Million in Crypto Investments
Former CFO Nevin Shetty was convicted of wire fraud for misappropriating $35 million into risky DeFi investments, leading to significant financial losses.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter