Mt. Gox Bitcoin Billions Are Being Repaid—How We Got Here
Yahoo Finance·2025-10-29 04:56
Defunct Bitcoin exchange Mt. Gox started to repay creditors two years ago, more than a decade after the company went bankrupt. But on Monday, the deadline to complete the return of billions of dollars worth of Bitcoin was pushed back by a full year to October 31, 2026. Around 19,500 creditors have been repaid so far, but many others are waiting in the wings for funds they lost all the way back in 2014. The first batch of repayments in 2024 led to a sharp sell-off, as the refunded Bitcoin was immediately so ...