Fun

News Feed - 2023-11-22 05:11:03

Helen Partz7 minutes agoMt. Gox creditors offered fresh hope with new ‘commencement of repayment’ emailThe Mt. Gox trustee announced the redemption of $47 million in trust assets amid social media reports suggesting repayment to creditors could start in 2023.76 Total viewsListen to article 0:00NewsJoin us on social networksCreditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have reportedly received a new email hinting at soon-to-come repayments.


Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, on Nov. 21 started sending out emails to rehabilitation creditors regarding the commencement of repayment, according to multiple social media reports.


According to the alleged Kobayashi’s email circulating on social media, the trustee plans to start the first repayments to creditors in cash in 2023. Kobayashi expects to continue the repayments in 2024, but did not provide the specific timing of repayments to individual rehabilitation creditors. According to the email:“Due to the large number of rehabilitation creditors who will receive repayment, the varying types of repayments, the different preparation and processing times required to make the repayment, repayments will continue into 2024.”


The social media reports came as Mt. Gox trustee issued an announcement on the redemption of trust assets on Nov. 22. According to the official document, the rehabilitation trustee received the redemption of 7 billion Japanese yen ($47 million) to fund the repayment of the claims. The statement noted that the trust assets after such redemption amounted to 8.8 billion JPY, or roughly $59 million.


Related:Poloniex says hacker’s identity is confirmed, offers last bounty at $10M


The Mt. Gox trustee was previously expected to repay the exchange’s creditors by the end of October 2023. In September 2023, the trustee officially moved the repayment deadline to October 2024.


Magazine:How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in


This is a developing story, and further information will be added as it becomes available.# Bitcoin# Cryptocurrencies# Business# Cryptocurrency Exchange# Hacks# Mt. GoxAdd reactionAdd reactionRead moreExpect some crypto companies to fail in the wake of Bitcoin"s halvingSpot Bitcoin ETF: Why this time is differentCoinbase hoses down rumors of weekly withdrawal limits on Bitcoin

News Feed

RFK Jr. wants to put the entire US budget on a blockchain
Prashant Jha14 hours agoRFK Jr. wants to put the entire US budget on a blockchainRobert F. Kennedy Jr. is a big time Bitcoin and decentralized tech advocate who has promised to back the U.S. dollar with BTC if elected as
Montenegrin court postpones Do Kwon’s extradition to South Korea
Turner Wright8 hours agoMontenegrin court postpones Do Kwon’s extradition to South KoreaDo Kwon faces fraud charges in the United States and South Korea as authorities compete to extradite the Terraform Labs co-founder
‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network
"Running Drivenet:" Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning NetworkDuring the last few days, a number of cryptocurrency supporters have been discussi
Bitcoin’s Bullish Case Hinges On $94,645 Support: Will Buyers Step In?
Este artículo también está disponible en español. The Bitcoin market continued to struggle in February marked by a high level of investor uncertainty. Over the last tradi
Savannah Fortis14 hours agoCaroline Ellison testimony: SBF bribed Chinese officials for $150M to unfreeze fundsCaroline Ellison, the star witness in the Sam Bankman-Fried criminal trial, testified that SBF tried to use i
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry During the last few months, inflation has risen significantly in the Unite
Helen Partz11 hours agoBinance adds fiat currency restrictions for Russian usersRussian ruble use on Binance P2P has been restricted to Russian citizens who live in the country.1553 Total views39 Total sharesListen to ar
ReadON Completes $2M Seed Round to Build a Decentralized Content Distribution Platform
ReadON Completes $2M Seed Round to Build a Decentralized Content Distribution Platform press release PRESS RELEASE.ReadON ( readon.me), a company that aims to provide users with a b
Despite Negative Press, Binance Is Still the World’s Largest Crypto Spot and Derivatives Exchange
Despite Negative Press, Binance Is Still the World"s Largest Crypto Spot and Derivatives Exchange While Binance has had a few issues with payment service provide
Binance drops naira from P2P platform amid government scrutiny
Amaka Nwaokocha37 minutes agoBinance drops naira from P2P platform amid government scrutinyThe removal of the naira by Binance from its P2P market came amid claims by Nigerian authorities that the platform contributed to
William Suberg57 minutes agoInordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peakBitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinal
Restaking could introduce ‘hidden risks’ to Ethereum — Coinbase
Tom Mitchelhill7 hours agoRestaking could introduce ‘hidden risks’ to Ethereum — CoinbaseEthereum restaking will form a “core part” of the network in the future — but there are still risks that come along wit