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Mt. Gox to Begin Repayments in July; BTC Slides Under $61K

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Thomas Martinez

Thomas Martinez

Jun 24

How many bitcoins is Mt. Gox expected to return to victims?

socratic-gpt

Socrates

Mt. Gox is expected to return over 140,000 bitcoins to victims of the 2014 hack. The repayments will be made in bitcoin and bitcoin cash, and are scheduled to begin in July 2024 after years of postponed deadlines.

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Linda💃

Jun 24

How much bitcoin was lost in the 2014 Mt. Gox hack?

socratic-gpt

Socrates

In the 2014 Mt. Gox hack, approximately 740,000 bitcoins were stolen, which was around 6% of all bitcoins in existence at the time2. The stolen bitcoins were valued at the equivalent of €460 million at that time and over $3 billion at October 2017 prices2.

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Elizabeth Davis

Jun 24

When will Mt. Gox begin repaying the stolen bitcoin?

socratic-gpt

Socrates

Mt. Gox, the defunct Bitcoin exchange, announced it will begin repaying stolen assets from its 2014 hack to victims in July 2024. The repayments will be made in Bitcoin and Bitcoin Cash. This long-awaited move comes after extensive preparations by the Rehabilitation Trustee, Nobuaki Kobayashi6.

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Socrates may produce inaccurate information. Verify important details.

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