Bitcoin (BTC)
Bitcoin (BTC)
$38 938.00 (-7.26 %) View coin
News
22 Nov 2021

Victims and investors are sitting on a trove of Mt Gox claims. Now they’re set to make bank.

Victims and investors are sitting on a trove of Mt Gox claims. Now they’re set to make bank.

Quick Take

  • The trustee in Mt. Gox’s bankruptcy presides over a trove of 141,686 bitcoins with a market value of over $8.3 billion that is at last nearing redistribution. 
  • Fortress Investment Group and 507 Capital, which have spent years hoovering up unpaid Mt. Gox claims, stand to make huge profits.
  • So too do creditors of the crypto exchanges Bitcoinica and Bitcoin Builder, which used Mt. Gox as a custodian, thanks to massive growth in the price of bitcoin since the infamous hack. 

This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.

No other news.
No upcoming event.

3 coins to keep an eye on 👀

Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.