Reading Time: 2 minutes Alexander Vinnik has lost his appeal against his five year sentence for money laundering Vinnik operated the founded the BTC-e exchange which laundered some $4 billion in stolen bitcoin Vinnik still faces extradition to the U.S. or Russia once...
Reading Time: 2 minutes A Mt. Gox class action lawsuit against former CEO Mark Karpelès has failed A U.S. District Court judge ruled that the class action suit does not meet the threshold of similarity Mt. Gox class action lawsuits are still ongoing in other states...
Reading Time: 2 minutes Former Mt. Gox customers have been given a five-month window to vote for the creditor-approved rehabilitation plan The vote represents the apex of a seven-year legal battle after the collapse of the exchange A 50% threshold is needed for the vote...
The deadline for online voting of the 'Draft Rehabilitation Plan' has been set for October 8, 2021.
Reading Time: 7 minutesOver the years the cryptocurrency market has seen it all. Success, failure, scandal, and surprise seem to be around every turn, with investors that haven’t been afraid to “hodl” experiencing a wild ride. For all the...
Reading Time: 3 minutes Craig Wright’s claim that two old Bitcoin wallets of his were hacked last year could have got him into legal trouble A Mt. Gox victim has instructed his lawyers to write to Wright’s lawyers to inform them that the rightful owners of one wallet, called the...
Controversial crypto figure Craig Wright is faced with a legal threat, one that arises from his claim of ownership over a Bitcoin address connected to a 2011 exchange hack. Brewster Asks Wright to Pay Victims Danny Brewster, a victim of the...
Reading Time: 3 minutes Craig Wright has continued his game of lawsuit roulette with another round of legal demands Wright’s lawyers have demanded that Bitcoin, Bitcoin Cash, and Bitcoin SV developers work to return ₿110,000 allegedly stolen in...
Reading Time: 2 minutes The Mt. Gox rehabilitation plan has seen great strides being made in the past four weeks First the rehabilitation plan was agreed upon, and now Coinlab has accepted the terms Where does this leave the Mt. Gox rehabilitation process? Mt....
Trustees have asked offline claimants of the Mt. Gox exchange hack to join the online system to vote and receive payments. Mt. Gox Trustee Bringing Users to One...
Reading Time: 2 minutes The Mt. Gox rehabilitation plan, which is almost two years late, has finally been filed The draft is now with the Tokyo District Court who will decide on next steps Approximately ₿850,000 was stolen from the...
In what seems to be a never-ending story, today the court-appointed Mt. Gox trustee, Nobuaki Kobayashi, announced the filing of a draft rehabilitation plan. Details on the plan have not been shared but are now being reviewed by the Tokyo District Court, according to a document posted on mtgox.com. This has been the first update to the site since March 2019, and...
On Dec. 15., Mt. Gox is set to conclude its infamous saga with a $2.6 billion payout scheme. Few victims expect a positive outcome, however. This is their story. Rehabilitation Plan Hits Snag Many of those affected have told Crypto...
Reading Time: 2 minutes Alexander Vinnik, the man at the center of a two-and- a-half-year extradition tug of war, has been found guilty of money laundering in France The French court handed down a five-year prison sentence but acquitted him of two other charges Vinnik...
In one week, the Mt. Gox exchange saga may finally conclude. On Dec. 15, an estimated allocation of 137,891 BTC will be distributed to users who lost funds following Mt. Gox's shutdown in 2014. Long-Awaited Mt. Gox Payout The Mt. Gox shutdown is one of the most infamous events in the history of...
Reading Time: 2 minutes The Mt. Gox rehabilitation plan deadline has been pushed back once more December 15 is the new date towards which creditors will work with trustee Nobuaki Kobayashi Every deadline has so far been missed, with “closer examination” needed,...
The rehabilitation process is being delayed for years now.
News 