#mt. gox News

Fortress Makes New Offer to Mt. Gox Creditors

December 20, 2019 by Ashwath Balakrishnan at Bitcoin

Fortress Investment Group, a hedge fund and private equity investor with nearly $40 billion in assets under management, has offered Mt. Gox investors a second chance to settle their claims privately with them based on the liquidation value of existing BTC claims. The Mt. Gox Trust is currently willing to...

Plus Token Is Liquidating Thousand of Bitcoin Presuming Exit Scam

Irish Cryptocurrency Exchange Bitsane Vanishes Overnight in Suspected Exit Scam

June 28, 2019 by Aisshwarya Tiwari at Exchange, News

According to a Forbes article published on June 27, 2019, Irish cryptocurrency exchange Bitsane has suspiciously disappeared from the market leaving almost 246,000 users without their digital assets. Without a Trace Ireland-based cryptocurrency exchange Bitsane is the latest cautionary tale in an industry marred with frequent exit scams, hacks, and...

Former Mt. Gox Traders Sue Stellar’s Jed McCaleb for 80,000 Bitcoin Loss

June 26, 2019 by Aisshwarya Tiwari at Exchange, News

Jed McCaleb, the current Chief Technological Officer (CTO) of blockchain project Stellar and the founder of the now-defunct cryptocurrency exchange Mt. Gox is facing a lawsuit over his alleged mismanagement of the Tokyo-based trading platform, The Next Web reports, June 26, 2019. Former Traders Sue Jed McCaleb On May 19,...

Grant Thornton: Bankrupt New Zealand Bitcoin Exchange Cryptopia Has $4 Million Liability

June 2, 2019 by Anthonia Isichei at Exchange, News

Liquidators of dissolved New Zealand-based cryptocurrency exchange, Cryptopia, released its first report on May 31, 2019. The report detailed the current state of the exchange along with its financial status and revealed a liability of over $4 million. $4.22 Million Outstanding Debt Following the liquidation of New Zealand-based cryptocurrency exchange, Cryptopia,...

Former Colleague of QuadrigaCX CEO Believes Customers Will Likely Not Recover their Funds

April 21, 2019 by Aisshwarya Tiwari at Exchange, Finance, News

According to Adam O’ Brien, a former colleague and friend of the late QuadrigaCX CEO Gerald Cotton, customers are unlikely to recover their funds locked inside the exchange’s cold-storage crypto wallets, reports Global News, April 19, 2019. Cotton Was “Kind of Worried” that Something Might Happen It could be safely...

Former Mt. Gox CEO Plans Appeal Against Data Manipulation Charges

March 30, 2019 by Aisshwarya Tiwari at Crime, Exchange, News

Prosecutors have opted to not appeal against the acquittal of former Mt. Gox CEO, Mark Karpeles, on charges of customer embezzlement, reports Japanese daily The Mainichi, March 29, 2019. Breathing Room for Mark Karpeles Ex-Mt. Gox CEO, Mark Karpeles, is one of the most well-known figures in the cryptoverse, albeit...

$4 Billion Cryptocurrency Fraud Suspect Alexander Vinnik Files Appeal for Extradition to Russia

March 23, 2019 by Aisshwarya Tiwari at Crime, Exchange, News

Alexander Vinnik, a Russian national suspected of orchestrating a $4 billion bitcoin fraud has lodged an appeal with a Greek court for his extradition to Russia, this according to Greek media outlet Kathimerini, March 21, 2019. Humanitarian Reasons Vinnik is the former operator of the defunct Russian cryptocurrency exchange BTC-e....

QuadrigaCX Orange Q Room Board People Committee

QuadrigaCX Update: Exchange’s Legal Representatives Form Creditors Committee

March 22, 2019 by Aisshwarya Tiwari at Business, Exchange, News, Regulation

Law firms Miller Thomson and Cox & Palmer have appointed a new committee to aid them in representing close to 115,000 customers of the now defunct Canadian cryptocurrency exchange QuadrigaCX. This according to a court notice published March 19, 2019. The Committee Will Represent the Users The QuadrigaCX fiasco has...

Japan: Police Arrests Teenage Hacker for Theft of $134,000 in Cryptocurrency

March 18, 2019 by Tom Nyarunda at Altcoins, Crime, News, Platform, Regulation

An 18-year-old hacker has been accused of infiltrating the Monappy online wallet service that’s used by investors to safeguard their cryptocurrencies. This is the first time Japanese authorities are charging a hacker for stealing cryptocurrencies in Japan. Exploited Vulnerability in the Website Codebase Local news outlet The Japan Times reported...

Mark Karpeles Mt Gox Spotlight Man Unhappy

Mt.Gox’s Mark Karpeles Dodges Embezzlement Charges, Lands Jail Term for Falsifying Data

March 15, 2019 by Ogwu Osaemezu Emmanuel at Crime, Development, Exchange, News

The former owner of the now-defunct Mt.Gox bitcoin exchange, Mark Karpeles, has been sentenced to two and half years in prison by a prosecutors in Japan. The Tokyo District Court found him guilty for falsifying computer data in connection with the colossal heist, an event that saw half a billion...

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