Mt. Gox is in possession of over 141,000 Bitcoin and more than 142,000 Bitcoin Cash. Does this mean that users will finally get their funds back five years later?
Mt. Gox Hodling Funds Worth Over Half a Billion Dollars
Ever since the industry was rocked by the collapse of its biggest cryptocurrency exchange in 2014, it’s been a long and painful waiting period for users out of pocket.
Thieves stole some 850,000 BTC (then the equivalent of around $450 million, but worth billions today). While some of the funds have been returned, the majority of users are still waiting. And waiting, and waiting…
2014 to today is light years in the cryosphere and a series of events have since passed.
Ex-CEO Mark Karpeles spent a year in a Japanese prison despite reportedly claiming his innocence. Reports found that the dumping of Mt. Gox bitcoins on the market caused its tailspin last year.
And more recently, it emerged that Karpeles will likely avoid a lengthier time in the slammer by serving a four-year suspended sentence.
But finally, the…