Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack

Almost
10
years
after
being
hacked,
the

Mt.
Gox
crypto
exchange
appears
to
be
starting
to
repay
customers
who
lost
850,000
bitcoin

(BTC)
now
valued
around
$36
billion.

Some
participants
in
the

mtgoxinsolvency
subreddit
group
said
they
had
received
payouts
in
yen
over
Paypal.
Others,
who’d
chosen
to
receive
cash
into
bank
accounts,
said
they
had
not
seen
any
inflows.

The
exchange,
launched
in
2010,
was
the
world’s
biggest
when
it
was
hacked
in
2014.
It
was
ultimately
able
to
recover
about
20%
of
the
stolen
funds.
Earlier
this
year,
it
extended
the

deadline
for
repayments
by
12
months
until
October
2024.

The

repayment
could
have
some
impact
on
bitcoin
prices,
due
to
the
sheer
volume
of
the
tokens
being
released,
but
would
not
destablize
the
market,
UBS
had
said
in
a
report
earlier
this
year.

Read
more:



CoinDesk
Turns
10:
The
Legacy
of
Mt.
Gox
–
Why
Bitcoin’s
Greatest
Hack
Still
Matters