Mt.Gox, the infamous Bitcoin exchange based out of Japan has been in the headlines ever since the hack that led to the stealing of millions worth of Bitcoin from its exchange wallets.
The Mt. Gox trustee has the intention to liquidate cryptocurrencies that aren’t Bitcoin (BTC) or Bitcoin Cash (BCH), says a rehabilitation plan draft.
After a long-fought court battle, the court has declared Karpeles guilty of data manipulation. He has been declared innocent on other charges.
A group of Mt Gox creditors have come together and are now working on a movement called ‘GoxRising’. The plan involves recovering lost Bitcoins and relaunching the exchange.
Mt. Gox Official Website just put out an update stating that they have sold 24,658.00762 BTC & 25,331.00761 BCH total for JPY 25,975,702,352 approx $230 Million.
As per latest reports, Nobuaki Kobayashi, the Mt Gox trustee has sold off another 16,000 Bitcoins and 16,000 Bitcoin Cash - worth almost $160 Million in total.
Mt Gox CEO Mark Karpeles now works as the CTO for London Trust Media - a company which invests in cryptos, as well as the biggest name in global VPN Services.
Nobuaki Kobayashi, the bankruptcy trustee of Mt. Gox has sold off $400 Million worth of Bitcoin since September and has another $1.9 Billion to offload - possibly the man responsible for crashing the markets.
Crypto Lending: Understanding the Risks of Borrowing to Buy Crypto
The Importance of Crypto Exchange Platforms
Russia Will Not Ban Cryptocurrencies, Says The Deputy Finance Minister
MoneyGram Partners With Circle To Enable USDC Cross-Border Stablecoin Transactions on Stellar (XLM) Blockchain
Congressman Introduces Bill to Protect Developers Who Fundraise Using Tokens
FTX Denies Super PAC Rumors as Regulatory Issues Heat Up
Independent Auditing Firm Confirms Tether's USDT Reserves Are Fully Backed
Subscribe to newsletter
P.S. We never spam!
