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Exchanges Government News

Unconfirmed Report Claims Mt. Gox to File Repayment for Creditors

An email states that bitcoin (BTC) holders on defunct exchange Mt. Gox who have rehabilitation claims made on their behalf will allegedly receive some of their money back. There’s no confirmation on who sent the email, only that it was posted recently on Reddit.

The email was addressed all Mt. Gox users and read that the creditors who were against the self-admitted rehabilitation claims filed by members have withdrawn their objections. Thus, approval of the claims are now effective and users don’t have to file a claim assessment application anymore.

A screenshot of the email was shared on Reddit by user DerEwige. It was complemented by another screenshot of the email written in Japanese.

DerEwige believes it means that even those who didn’t fill out a rehabilitation claim on Mt. Gox after losing their digital currency automatically had a claim filed on their behalf and that it has been approved.

He added that it’s unknown when compensation, if any, will be paid. It’s also not known how much money the affected Mt. Gox members will receive.

At present, no one is able to verify the email’s authenticity. Two Mt. Gox creditors who were interviewed denied receiving any message from the cryptocurrency exchange.

Mt. Gox is infamous due to the 2011 hack perpetuated on the exchange. It was the biggest crypto hack to date, with 850,000 BTC (or about $460 million) stolen. The exchange never recovered after that and consequently shut down in 2014. This left 24,000 creditors out in the cold.

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