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Tom’s Hardware

Technology

Christopher Harper

Bitcoin Mt. Gox creditors will soon benefit from $9 billion payback — their BTC is over 10,000% more valuable than when it went missing

Bitcoin Mt Gox CNBC John Glover

Bitcoin.

Bitcoin exchange Mt. Gox is most well-known today for its infamous halting of operations and bankruptcy back in February of 2014, a multi-million dollar loss for the Bitcoin community of the time. Since 2014, and after many lawsuits, Mt. Gox has managed to recover a very worthwhile amount of Bitcoins and is now sending an amount valued at $9 billion divided across Mt. Gox's former account holders [h/t CNBC].

The original Mt. Gox bitcoin heist meant that there were "up to 950,000 Bitcoin" lost, and reportedly 140,000 of those recovered Bitcoin are what's being returned to Mt. Gox's former customers.

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