Mt Gox

Former Mt Gox CEO Mark Karpeles Seeks to Put Longstanding Lawsuit to Rest

Mark Karpeles, the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox, is seeking to put an end to litigation filed by a former exchange user back in 2014.  In papers filed in a Chicago federal court on Jan. 8, Karpeles contended that he is entitled to summary judgment as the main plaintiff in …

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Greek Court Suspends Decision to Extradite Alexander Vinnik

</header> <strong>The Supreme Administrative Court of Greece has suspended a decision to extradite the alleged BTC-e operator Alexander Vinnik. The temporary measure has been imposed to allow the review of an appeal against the extradition. The Russian national, accused of laundering billions of dollars through the now defunct cryptocurrency exchange, started a new hunger strike …

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Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin

</header> <strong>According to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer.</strong> Also read: Reports Criticize Bitcoin SV Miners and the Chain’s Upcoming …

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Fortress Investment Group Renews Bid to Buy Mt. Gox Creditors’ Claims

In the countdown to the new year, private equity and hedge fund manager Fortress Investment  Group is redoubling its efforts to buy up Bitcoin (BTC) claims from Mt. Gox creditors. A Bloomberg report on Dec. 19 alleged that Fortress’s offer is now roughly 13.5% lower than an initial bid it extended to creditors earlier this …

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Investment Giant Fortress Issues New Buyout Offer for Mt Gox Creditor Claims

Fortress has reportedly issued a new – and lower – buyout proposal for claims from the creditors of defunct cryptocurrency exchange Mt. Gox. According to a one-page proposal obtained by Bloomberg, Fortress is offering Mt. Gox creditors 70 percent of their account value. Based on the current price of bitcoin, the offer is below a …

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Cryptocurrency Exchanges Are Fighting to Escape Binance’s Shadow

</header> <strong>It’s impossible to assess the cryptocurrency landscape without considering Binance. It looms large over the industry, dictating trends, soaking up liquidity, and compelling new exchanges to fight tooth and nail for market share. Most exchanges aren’t gunning to become the next Binance. But they must all exist in its shadow while striving to carve …

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BitMEX Chaos, Cold Wallet Calamity, Germany Hates Crypto: Hodler’s Digest, Oct. 28–Nov. 3

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week BitMEX investigating “extent of impact” after mass email leak Think …

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Mt Gox Trustee Asked DOJ to Share Info on Jailed BTC-e Owner Alexander Vinnik

The trustee recovering funds on behalf of Mt Gox’s creditors has contacted the U.S. Department of Justice seeking information about Alexander Vinnik, who prosecutors allege played a role in laundering stolen funds from the bankrupt exchange. Nobuaki Kobayashi, the trustee, requested details of the DOJ’s investigation into BTC-e, a defunct crypto exchange with the Russian roots, his …

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Bitcoin History Part 17: That Time Mt. Gox Destroyed 2,609 BTC

<header class=”article__header”> </header> <strong>Technically speaking, it’s impossible to destroy bitcoins. But it is possible to send coins to an unspendable address, rendering them redundant to all intents and purposes. In October 2011, that’s exactly what Mark Karpeles did when he consigned 2,609 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> to eternal oblivion due to a scripting …

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Russian Lawyers Claim 200,000 BTC Lost in Mt. Gox Can Be Recovered

Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt. Gox fiasco. Recover losses on behalf of Mt. Gox victims On Sept. 12 in a Q&A with Andy Pag, a former BBC journalist, the Moscow law firm outlined …

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