New Update on the $45 Billion MtGox Bitcoin Hack: BTC Amount to be Refunded to Users Updated

Former cryptocurrency exchange MtGox has updated its official website form, according to some creditors in a post on Reddit. The update includes the number of tokens expected to be withdrawn, which includes Bitcoin ($BTC), Bitcoin Cash ($BCH) and yen.

According to the new table, the exchange is expected to distribute its assets of 142,000 $BTC, 143,000 $BCH and 69 billion yen to its creditors before October 31, 2024.

A payee from MtGox shared his experience: “The website was having technical issues a few days ago. I'm pretty sure they updated the charts and now everyone can see the same updated information in their charts. I don't think this gets us any closer to getting paid. Maybe they're getting emails about the chart.” “I'm guessing they got tired of answering and fixed the problem so people would stop asking.”

Japanese Bitcoin exchange Mt. Gox crashed in February 2014, there were legitimate fears that it could kill the fledgling cryptocurrency $BTC before it was even five years old. While it is easy to scoff at such claims now, at the time many people were thinking along these lines as Bitcoin had yet to face such a disaster.

Between March 2011 and January 2014, Mt. More than 880,000 $BTC were lost or stolen by Gox in various ways; This figure has reached a staggering $45 billion today, and on the 10th anniversary of its collapse, there are still many important questions unanswered.

*This is not investment advice.