The cryptocurrency world is full of cryptocurrency exchanges, and lots of them have suffered from hacks and attacks. Users in those exchanges may have lost alot of their funds or everything they had, and in most of the cases the companies behind exchanges were not able to pay the victims.
Mt. Gox hack has been one of the most important events in the cryptocurrency field since Bitcoin appeared in the market. Now, a Japanese court rules that the exchange bankruptcy is done, which may lead to victims to receive their funds.
Mt. Gox Victim’s Payout:
Mt. Go was the most important virtual currency exchange back in 2013-2014, and yes, it got hacked. They lost 850,000 Bitcoins, which were worth $473 million dollars at that time. Today this number would be more than $5.1 billion dollars.
At the moment it is necessary to wait until February 14th, 2019. The trustee has time until this date to handle the payouts, and creditors will need to file their claims. That means that creditors might not see their funds until half of the next year.
Yes this is the main problem in crypto currency field. That's why if we are holding big money then instead of storing in exchanges we should use offline wallet.
Yes, Trezor is best. I have one
Yas for holding Trezor is best but not for skill investors
I men smol investors
Yes, if we have more than 1 or 2 bitcoins then for sure we need one.
if u have huge crypto than u have to use offline wallet i.e ledger wallet
Bro do u really think bitcoin will grow again and cross its all time high
I believe it will
Storing our coin on crypto exchanges not save.
Yes, ofcourse