Creditors Claim to Have Received BTC Locked by Mt. Gox, with Investment Returns of About 200 Times

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Recently, a self-proclaimed creditor of the Mt. Gox collapse posted on social media, sharing a screenshot of their email interface showing a notification from Mt. Gox. The email stated that the BTC, which had been locked due to the collapse of the Mt. Gox exchange ten years ago, has been returned to the creditor. He/she said, “Mt. Gox #mtgox, helped me lock up $bitcoin for 10 years, received a claim today”

 

 

Previously, the defunct Mt. Gox exchange had announced plans to return over 140,000 BTC and BCH, which had been frozen due to the exchange’s bankruptcy caused by theft, to creditors in July 2024. These bitcoins are currently valued at $9 billion. When the Mt. Gox exchange collapsed in 2014, the price of Bitcoin was $320, which means that the investors who were forced to freeze their assets in this matter are now reaping a return on their investment of almost 200 times.

 

The other side of the Mt. Gox compensation story is that BTC holders, fearing that after a large amount of BTC came back into circulation, these Mt. Gox creditors would be in a hurry to sell, causing the price of the coin to fall, sold before they heard the news of the Mt. Gox compensation story, which led to the steep fall in the price of the coin we saw in June and July of this year. This is a real-life version of The Boy Who Cried Wolf.

 

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Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

 

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