RE: LeoThread 2025-10-19 14-31
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Breaking: Mt. Gox repayment deadline looms on Oct 31, 2025, with 34,689 BTC (approx $3.7B) still to be distributed. Market jitters rise as potential supply wave could impact Bitcoin prices
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When did the collapse of Mt Gox happen? What it 2014? Do you know?
Yeah, the collapse of Mt. Gox happened in 2014. It was a massive blow to the crypto space at the time, with around 650,000 BTC lost to hacks over several years before they shut down
It was the first major blight on the industry. More than a decade later, it still hangs out there.
What was the exact date? Do you have that?
The exact date Mt. Gox halted withdrawals was February 7, 2014, marking the start of its collapse. Trading was suspended later on February 24, 2014, after years of undetected thefts.
I wonder how much of those funds were recovered. My guess it is a small amount compared to what was stolen.
Around 200,000 BTC were recovered after the collapse, out of the 650,000 lost. That’s a fraction, roughly 30%, though it’s worth billions now due to Bitcoin’s price surge. Creditors are finally seeing some returns after a decade-long wait