Is Mt.Gox Delivering one last top for BTC? 😱

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(Edited)

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Get ready for a possible BTC mini crypto winter?

As the Mt. Gox Creditors are finally set to receive Over $9 Billion in Bitcoin over the next few months, it may be time watch out for another top in the BTC market at the end of Q2, or even as last as Q1 next year? However since markets are often forward looking, it's also possible that we could see turmoil before then.

Looks like my Rehabilitation Claim has no objections, yay!

What a nice surprise, last night I received my Mt.Gox update letter... & just in time for X-Mas!! haha
Screenshot 2021-11-11 at 11.12.14 PM.png

The only question that arises now, are the Rehabilitation Trustees going to give us the BTC at todays rate per btc (over 60,000), or will it be the rate at which the case started, or the hack happened? The devils always in the details, however it sounds like they have the BTC, and need us to link our bank account up to their website one last time so they can convert it and send us the money at the current exchange rate, wow. I hope it won't be too complicated, not sure what they can't just mail us a check instead?

Follow @coininstant for more!



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11 comments
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They should send a check, it is safer, so much scam ,makes us more distrustful, so I agree with you

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Wow! That’s quite a surprise!! How did they get the stolen crypto back? So good people are getting their investment back finally!!
Don’t spend too much! LoL

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Karpeles found 200,000 Bitcoins stashed away in the cloud. I'm not totally sure, the news stories are all over the place about this question. On story says the hacked bitcoins were tracked down, another said they weren't. It's a mystery to me, but seems to have a happy ending, so not complaining.

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I remember this MTgox "hack" when it happened, I had an account with him/them, but I had no money in it.

Not your keys not your cryptocurrency.

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Yeah, this was the first time I learned about keeping funds off exchanges. The downfall happened so fast, luckily I got most of my funds off the exchange before they shut down, because I accidentally clicked withdraw twice one time, and noticed they had a glitch and it sent double the funds to my wallet. At that moment I knew Mt.Gox was not safe anymore. The halted my last transaction, which is this one I've been waiting for all this time, almost half a decade to receive. lol

I sent Karpeles an email warning him about the bug I found, but I guess it was too late for Mt.Gox because other people were figuring out the exploit too, and draining his exchange! I just had a little bit of BTC left on there, however it's worth a lot today, so I'm happy to get it back.

LOL, here is a screenshot of the last email I sent Mt.Gox in January 2014, right before it's demise. I blacked out my name of course, because I don't want anyone to know who I am.

mt-gox.png

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Wild stuff. Well I think I did one small trade on MtGox back in the day, I dont remember it actually.

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thank you very much for the exchange, have a nice day

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Thank you very much for the information, have a good day and a great mood

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