Mt. Gox Bitcoin repayment: The day that never comes
Over the last decade, Mt. Gox has repeatedly backtracked on plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from Feb 25, 2014. Mt. Gox’s infamous 2014 security breach — that lost 850,000 Bitcoin (BTC) of investors’ funds — resulted in its users embarking on a seemingly never-ending, decade-long pursuit of closure via funds reimbursement. Over the years, Mt. Gox has backtracked on its numerous plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from Feb 25, 2014. Latest notice concerning the change of repayment deadlines. Source: Mtgox.com However, with Mt. Gox postponing its repayment deadlines by one more year, from Oct. 31, 2023, to Oct. 31, 2024, the wait for redressal extends into the 11th year for Mt. Gox investors. Mt. Gox 2014: The year of the largest Bitcoin hack - (Avg. BTC price $420) Days after Mt. Gox lost 850,000 BTC in the February 2014 breach, leaked documents r...