Mt.Gox Creditors Might Have $1.2 Billion Dollar’s of Payout

The cryptocurrency world is full of cryptocurrency exchanges, and lots of them have suffered from hacks and attacks. Users in those exchanges may have lost alot of their funds or everything they had, and in most of the cases the companies behind exchanges were not able to pay the victims.

Mt. Gox hack has been one of the most important events in the cryptocurrency field since Bitcoin appeared in the market. Now, a Japanese court rules that the exchange bankruptcy is done, which may lead to victims to receive their funds.

Mt. Gox Victim’s Payout:

Mt. Go was the most important virtual currency exchange back in 2013-2014, and yes, it got hacked. They lost 850,000 Bitcoins, which were worth $473 million dollars at that time. Today this number would be more than $5.1 billion dollars.

At the moment it is necessary to wait until February 14th, 2019. The trustee has time until this date to handle the payouts, and creditors will need to file their claims. That means that creditors might not see their funds until half of the next year.