Content
@
0 reply
26 recasts
26 reactions
Ripneversxrlszm
@ripneversxrlszm
On Thursday, July 4, two bitcoin transactions were made from three wallets associated with the bankrupt exchange Mt.Gox. The recipients of the funds include one of five exchanges designated to make payments to affected users. Operating from 2010 to 2014, Mt.Gox was the largest crypto exchange in the world at that time, accounting for more than 70% of all Bitcoin trading volume. However, a series of hacker attacks resulted in the exchange losing 850,000 BTC, which would be worth more than $50 billion at today's exchange rate. The bankruptcy resulted in a seven-and-a-half year trial before a plan was developed in 2021 to reimburse affected users.
0 reply
0 recast
0 reaction
