Mt. Gox, a now-defunct Japan-based cryptocurrency exchange filed for bankruptcy in 2014, following an apparent hack costing the exchange $473 million worth of bitcoin at the time. Subsequently, Bitcoin experienced a decline in value of 36% over the month.
The letter went on to note that the offer stands until July 31 and the purchase can be in bitcoin or fiat money. In April, Mt. Gox creditors that their lost bitcoins claims have been automatically filed on their behalf. A Reddit user named DerEwige circulated an unverified screenshot of an email, which says:
As per DerEwige, this meant that the Mt. Gox users that did not file a rehabilitation claim after losing their crypto have had a claim automatically filed on their behalf, that has been now approved.
Image Source – Stock Photo Secrets
Cryptocurrency Market Update
Bitcoin Price Analysis – BTCUSD Bulls Targets $12,000
Ethereum Price Analysis – ETHUSD Bulls Eyes $340
Litecoin Price Analysis – LTCUSD Faces Resistance at $122
Bitcoin Cash Price Forecast – BCHUSD Oscillates Above $400
Ripple Price Prediction – Will XRPUSD Rise to Retest $0.46?