Years ago I lost my bitcoin on Mt gox. I received the Japanese legal form in the mail but since the Amount I had didn’t add up to much back then I took it as a loss... is there any way I can get my coins back now?
Latest Pitch to Recover Lost Mt. Gox Bitcoin Has Critics Raising Red Flags - A group of Russian lawyers claims that it has found a path to financial remuneration, but one blockchain lawyer, as well as other creditors, are cautioning that the deal being offered is more sour than sweet.
10-23 00:44 - 'Bitcoin as a currency is unsustainable... / Security and Trust: Millions of dollars worth of bitcoin lost by hacks, lost passwords and mismanagement. Mt. Gox, Coincheck, Binance, Bitconnect to name few. / We may have solve...' by /u/jucoin2000 removed from /r/Bitcoin within 264-274min
''' Bitcoin as a currency is unsustainable... Security and Trust: Millions of dollars worth of bitcoin lost by hacks, lost passwords and mismanagement. Mt. Gox, Coincheck, Binance, Bitconnect to name few. We may have solved the problem with trust through block chain...We just don’t know if trust is a problem that technology can ever truly solve as long as humans are the ones using it. Cost effectiveness: Blockchain is very expensive for its functionality, computers working around the clock to maintain distributed ledgers using more energy than many entire country’s put together. Efficiency: Bitcoin has painfully slow transactions times. Visa’s payment network can deal with 24,000 transactions per second and bitcoin just a measly 7. So even though giant centralised organisations sometimes abuse our trust they are also fast, typically safe and convenient. Bitcoin is a currency experiment that will inevitably fail for its intended use, but before that time and due to its erratic changes in value there will be potential money and profit to be made from the instability. Its possible that “Blockchain” will revolutionise a lot more than just money, although as yet i am not clear as to what that will be. Conclusion: Make your money before the bitcoin bubble bursts...and it will..... ''' Context Link Go1dfish undelete link unreddit undelete link Author: jucoin2000
Launched in 2010 Mt. Gox was the world’s largest bitcoin exchange until its demise in 2014. By 2013, the Japan-based exchange was handling 70 percent of all bitcoin trades worldwide, but collapsed in 2014 after it was revealed that it had lost 744,408 of its customers’ bitcoins and 100,000 of its own bitcoins, amounting to the loss of approximately 7% of all bitcoins at the time. The victim of a massive hack, Mt. Gox lost about 740,000 bitcoins (6% of all bitcoin in existence at the time), valued at the equivalent of €460 million at the time and over $3 billion at October 2017 prices. An additional $27 million was missing from the company’s bank accounts. Although 200,000 bitcoins were eventually recovered, the remaining 650,000 have never been recovered. Mt. Gox, the largest bitcoin exchange at the time of its headline-grabbing demise, declared bankruptcy after the theft or disappearance of 850,000 bitcoins valued at $450 million in February 2014, along with $27 million in cash. Although 200,000 were eventually found, the location of the remaining 650,000 remained unknown and the subject of much speculation over the last three years. It turns ... Investors on the platform collectively lost around 850,000 Bitcoin, or roughly 7% of the total existing supply at the time of the attack. In 2014, Mt. Gox filed for bankruptcy and victims of the hack have been in limbo ever since. Many have given up all hope of ever being made whole again. Having lost $468 million in bitcoins, MtGox files for bankruptcy protection CEO tells Ars: "I cannot comment much for now," compares to Chapter 11 in US. Cyrus Farivar - Feb 28, 2014 1:15 pm UTC ...
Bitcoin Exchange Mt. Gox Disappears, Along With CEO
What really happened to Mt. Gox and why can't anyone find CEO Mark Karpeles? Bitcoin exchange Mt. Gox has disappeared from the internet. The owner cannot be found, and an office in Tokyo is suddenly empty. The owner, Mark Karpeles, re... CRAIG WRIGHT CLAIMS HE HACKED MT GOX AND STOLE 80,000 BITCOIN! Bitcoin LAST CHANCE BULLRUN! The Stock MArket TUMBLES!! Crypto News! Time to buy Altcoins Like... bitcoin price Mt Gox site disappears, Bitcoin future in doubt BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S ... Late Monday, the Bitcoin-trading site Mt. Gox went dark, leaving everyone questioning the future of the virtual currency. There have been reports of a securi...