Tag: creditors

Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019

Gox, the defunct and disgraced bitcoin market (at once the largest in the world) is preparing a last chapter in a lengthy, sorted ordeal. Creditors have coalesced around a repayment strategy to make victims whole. It comprises what may amount to $1.3 billion in returned bitcoin money (BCH) and bitcoin heart (BTC) as early as the […]

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Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019

The Mt. Gox debacle, originating in the catastrophic 800,000 Bitcoin hack 2014, proceeds, with recent court records demonstrating that creditors could eventually get the cash and Bitcoin they deserve. Original post first appeared in https://www.newsbtc.com/2018/06/24/mt-gox-situation-develops-trustee-announces-bitcoin-repayment-process/

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Court Will Not Seize Crypto as Debt Payment from Bankrupt Citizen in Russia

Regulation The Moscow bankruptcy court has ruled the cryptocurrencies of a bankrupt debtor won’t be allowed to pay his creditors. The Obligations for the instance has failed to convince the judge to incorporate the debtor’s cryptocurrencies from the insolvency estate. The Moscow Arbitration Court dominated this week which cryptocurrency can’t be used to pay creditors […]

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