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Mt. Gox may return Bitcoin worth over $6 billion, Karpeles says | forkast newsforkast.news/mt-gox-may-bitcoin-mark-karpeles-ungoxed-nft/
16 sats \ 5 comments \ @cryptocoin 29 Mar 2022 bitcoin
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0 sats \ 3 replies \ @cryptocoin OP 29 Mar 2022
It once represented over 80% of the global Bitcoin trading volume.
The Special Agent was surprised but nodded. He asked if I could get him a copy of the database and I agreed to do it. In September of 2016, I took a copy of the Mt. Gox database to the task force in San Francisco.
The name of his new firm, UNGOX, is a subtle recognition of the fact that Mt. Gox was turned into a term used to describe a cryptocurrency exchange failure. Mark says, “Following Mt. Gox’s bankruptcy, goxed (sometimes written goxxed) has become a synonym of losing cryptocurrencies due to faulty Bitcoin exchange or wallet that screwed up.”
"Today’s situation for many exchanges is very similar to what led to Mt. Gox’s bankruptcy.”
UNGOX will provide ratings for cryptocurrency exchanges and related entities by conducting checks in key areas such as technology, transparency, people, and legal context.
“There are many things that can be seen with the right knowledge and experience, but most people do not look closely enough or lack the experience to recognize red flags,”
Since there is expected to be a large number of applications, the actual process will take a few weeks. This is no surprise since Mt. Gox had 1,066,097 customers.
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0 sats \ 2 replies \ @cryptocoin OP 29 Mar 2022
Another recent post on SN is related to this .. the MtGoxNFT:
You can claim your @MtGox NFT on mtgoxnft.net if you were a MtGox customer between 2010 and 2014. The NFT is airdropped for free, and available no matter if you had a balance or filed a claim with the bankruptcy. #16750 https://www.mtgoxnft.net/l/en-US/
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0 sats \ 1 reply \ @cryptocoin OP 29 Mar 2022
And, if anyone wants a look back at some thing Mt. Gox-related:
The Willy Report: proof of massive fraudulent trading activity at Mt. Gox, and how it has affected the price of Bitcoin https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/
Breaking open the MtGox case, part 1 https://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html
The missing MtGox bitcoins https://blog.wizsec.jp/2015/04/the-missing-mtgox-bitcoins.html
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0 sats \ 0 replies \ @cryptocoin OP 29 Mar 2022
Who can explain how the journalist, @jakeadelstein, was able to take a "copy of the database" of MtGox to US authorities?
A very strangely written article...
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0 sats \ 0 replies \ @YtRionix 29 Mar 2022 freebie
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