Assets, Bitcoin

Can I Get My Bitcoin Back From Mt Gox?

In February of 2014, Mt. Gox, once the world’s largest Bitcoin exchange, filed for bankruptcy in Japan. At the time, Mt. Gox claimed that it had lost 850,000 Bitcoins (worth $473 million at the time) due to hacking, and another 100,000 Bitcoins belonging to its customers (worth $59 million at the time).

In total, Mt. Gox claimed that it had lost 950,000 Bitcoins.

Mt. Gox’s bankruptcy trustee later found 200,000 of the missing Bitcoins, but that still left 750,000 missing. In March of 2018, a Japanese court approved the distribution of Mt.

Gox’s remaining assets to its creditors. Each creditor is expected to receive roughly $1 per Bitcoin they are owed.

So if you had Bitcoin stored on Mt. Gox at the time of its bankruptcy, you may be wondering: can I get my Bitcoin back from Mt. Gox?

NOTE: WARNING: Can I Get My Bitcoin Back From Mt Gox?

The short answer is unfortunately no. Mt Gox, the once world’s largest cryptocurrency exchange, declared bankruptcy in 2014 after being hacked and losing hundreds of millions of dollars worth of bitcoin. As a result, customers have lost their funds held on the exchange and are unlikely to ever receive them back. It is advised to never store large amounts of bitcoin or any other cryptocurrency on an exchange for long periods of time as you may not be able to recover them if something goes wrong.

The answer is: maybe. It depends on how much Bitcoin you had stored on Mt.

Gox at the time of its bankruptcy, and when you withdrew it from the exchange.

If you had Bitcoin stored on Mt. Gox before February 2014 and withdrew it before Mt. Gox filed for bankruptcy, then you will not be eligible for a refund from the bankruptcy trustee.

This is because Mt. Gox did not lose any Bitcoins before it filed for bankruptcy; it only claimed to have lost them after filing for bankruptcy. Gox before February 2014 and did not withdraw it until after Mt. Gox filed for bankruptcy, then you may be eligible for a refund from the bankruptcy trustee. This is because Mt. However, the amount you will receive back will depend on when you withdrew your Bitcoins from Mt.

Gox; if you withdrew them closer to the time of Mt. Gox’s bankruptcy filing, you will receive less back than if you withdrew them closer to the time when Mt. Gox stopped allowing withdrawals (April 2014). This is because the trustee has been selling off Mt. Gox’s remaining Bitcoins over time to repay creditors, so there are fewer Bitcoins left to distribute as refunds as time goes on.

If you had Bitcoin stored on Mt.

Previous ArticleNext Article