Mt. Gox Victims Report ‘Double Repayments’ From 2014 Bitcoin Hack

The victims of the Mt. Gox hack have been in a perplexing stand-off since it all unfurled back in 2014. After the world’s largest cryptocurrency exchange at the time incurred the infamous attack, the site was ultimately forced to file for bankruptcy with 850,000 bitcoins (worth a staggering $272 million fortunately in accounting terms alone) falling prey to the assault.

However after waiting nearly a full decade, most of those liabilities have now begun to return as many creditors have already seen their funds set back in their PayPal accounts since Tuesday, however, over-pay that is a totally different matter with some supposedly seeing “double payments” coming through and are now facing mandated requests to tender some of it right back.

“Due to a system issue, the transfer of money to you was inadvertently made twice” declared a Mt. Gox email sent in response, that also contained dire instructions ” discerning equitable returns to the Rehabilitation Trustee”. A move that has unsurprisingly bulting infected due to its uncomppleted and elongated sense of textbook unfairness, But this is when it gets interesting, with bitcoin prices having skyrocketed since the hack took place in 2014 the surplus repayment amounts being collected back are certainly pushing the 35 billion mark.

The repayments have triggered a defiant 3% descent in bitcoin prices on Tuesday of their own tyranny too, experts already outline that pockets are just big enough that it won’t overly destabilize the regulated markets of crypto-currencies although it should be further noted that said creditors have the choice to use either reliableirming cryptocurrencies, use of wire transfers to their bank accounts or if preferred simply use PayPal repayments.

Robert Wilson author
Articles: 12200