Post
Topic
Board Service Discussion
Merits 1 from 1 user
Re: Mt.Gox SCAM? $38million disappeared. Large sums affected.
by
boumalo
on 17/02/2025, 15:44:59 UTC
⭐ Merited by vapourminer (1)
Someone was able to recover what was lost? BTC

Yes, ppl recovered their funds and put them on FTX (true story).

 Cheesy

For reference :

Bitcoin Figures:
Some reports have noted that, out of the roughly 650,000 BTC in creditor claims, the trustee has recovered on the order of 140,000–150,000 BTC. In simple terms, that would be around a 20–23% recovery rate in Bitcoin terms. However, this figure represents the amount recovered from the hacked wallet(s) and not the final payout value.

Hopefully Bitcoin went up since then.

Withdrawal Halted: February 7, 2014
Bitcoin Price: Approximately $620 on that date
Distribution Year: 2023?
Price Basis: Bitcoin's price in 2023 has varied, roughly ranging from around $16,000 at the start of the year to near $30,000 mid-year. 25 to 50 times higher so 5 to 10 times more than lost in USD