#mt. gox News

Mark Karpelès Offers Apology for Mt. Gox Bankruptcy and Wants no Part in the Billion Dollar Settlement Windfall

774 Million BTC Allegedly from Mt. Gox Hack Still Unmoved 9 Years Later

February 6, 2020 by Osato Avan-Nomayo at Bitcoin

One of the wallets that allegedly received proceeds from the Mt. Gox hack still has all the funds — $774 million in Bitcoin (BTC), intact almost nine years after the fact. Mystery Wallet Holds Almost 80K BTC According to Redditor “jwinterm,” one of the addresses identified by former Mt. Gox...

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...

Former Mt. Gox Owner Embezzlement Verdict Due March 15, 2019

March 13, 2019 by Eddie Mitchell at Bitcoin, Crime, Development, Exchange

Mt. Gox’s former owner is soon to find out whether or he will be indicted in the ongoing embezzlement case held against him. According to a report from Bangkok Post, March 13, 2019, Mark Karpelès will have an official verdict on March 15, 2019. Decision Time Having denied the charges...

The Fight to Return “Stolen” Mt. Gox Funds to Victims

February 9, 2019 by Priyeshu Garg at News

Actor and cryptocurrency advocate Brock Pierce explained the goals and challenges facing 'Gox Rising', an initiative to return Mt.Gox victims their stolen investments in an interview with TechCrunch, February 7, 2019. What happened with Mt.Gox? In 2014, bitcoin was highly dependent on Mt. Gox as the exchange handled more than 70...

Former CEO of the Defunct Mt. Gox Bitcoin Exchange Gets a New Crypto Job

Former Mt. Gox CEO Maintains Innocence in Tokyo Trial Closing Arguments

December 28, 2018 by Priyeshu Garg at Bitcoin, Exchange, Finance, News, Regulation

Mark Karpelès, the former head of the collapsed cryptocurrency exchange Mt. Gox, apologized for losses that bankrupted the company but insisted that he was innocent of charges of embezzlement during the closing arguments of his Tokyo trial, the South China Morning Post reported on December 27, 2018. Karpelès Maintains Innocence...

Japan: Prosecutors Demand Ten-Year Jail for Former Mt.Gox CEO Mark Karpelès

December 13, 2018 by contributor at Bitcoin, Business, Crime, Exchange, Finance, News, Regulation

Japanese law authorities have proposed a ten-year prison sentence for the ousted founder of the now-defunct Bitcoin exchange Mt.Gox, reported local publication Mainichi on December 12, 2018. Mt.Gox in Shambles Once the world’s largest bitcoin exchange, Mt.Gox quickly fell from its glory days after a series of hacks and failed...

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