Mt. Gox
Mt. Gox’s Two Largest Creditors Elect Paid Out Mostly in Bitcoin: Sources
The two biggest creditors of Mt. Gox, the crypto exchange that failed due to a hack nine years ago, have elected to get their bankruptcy recovery paid out mostly in bitcoin (BTC), according to people familiar with the matter. This decision could soothe longstanding fears that a wave of simultaneous liquidations tied to Mt. Gox bankruptcy recoveries could drive down BTC's price. "The Hash" panel discusses the latest developments as the price of bitcoin tops $25,000.
Fmr Mt. Gox CEO on SBF
Former Mt Gox CEO suggests Sam Bankman-Fried is "trying to hide something." That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
FTX Legal Timeline Will Be ‘Measured in Months and Years’: Expert
Ropes & Gray Business Restructuring Group Counsel Daniel Gwen discusses the possible timeline for the legal process of FTX's bankruptcy proceedings and whether it will take decades for customers to receive their funds, like the case of Mt. Gox.
Why September Could Be an Ugly Month for Bitcoin
Since 2017, September has generally been the worst month for bitcoin (BTC). CoinDesk's Markets Managing Editor Brad Keoun discusses his BTC outlook as the cryptocurrency hovers below $20,000. Plus, CoinDesk's Tech Managing Editor Christie Harkin on defunct crypto exchange Mt. Gox setting a credit repayment date in "due course."
Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds
The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.
Voyager: ‘No Customer Will be Made Whole’ Under FTX Proposal
507 Capital Partner Thomas Braziel discusses his take on FTX's proposal to offer early liquidity to customers of crypto lender Voyager, saying their best bet is to "be patient and let the bankruptcy court process run a full auction." Plus, insights into Mt. Gox's bankruptcy case of 2014 and how it differs from Voyager's, citing the benefits of the American court system.
Mt. Gox Creditors Repayment Looms, Trustee Letter Indicates
Creditors of the now defunct crypto exchange Mt. Gox are expected to be repaid nearly 140,000 BTC, worth roughly $3 billion. CoinDesk's Tech Managing Editor Christie Harkin discusses what this means for the crypto market and the price of bitcoin.
How Mt Gox's Expected Bitcoin Release Could Impact Crypto Market
Roughly $3 billion worth of bitcoin (BTC) may soon be released into the crypto market, as Mt Gox is expected to distribute funds to creditors. "The Hash" panel discusses the potential outcomes.
