reply on: MT Gox Coins on the Move \ stacker news ~bitcoin

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41 sats \ 8 replies \ @grayruby OP 28 May \ parent \ on: MT Gox Coins on the Move bitcoin

They lost 800,000 in the hack. They currently have 137,000 coins to distribute.

20 sats \ 7 replies \ @Satosora 28 May

I guess the price of each coin has risen quite a bit. Are they able to cover all of their losses?

20 sats \ 6 replies \ @grayruby OP 28 May

I think the claimants will have done well at least in fiat terms even though they won’t get all their bitcoin back.

30 sats \ 5 replies \ @Satosora 28 May

Thats better than nothing.

10 sats \ 4 replies \ @riberet19 28 May

But more than 600,000 Bitcoins were actually lost, so the ones who really gained are Mt.Gox, I don't think there was any hack, to tell the truth, rather a "self-hack"

10 sats \ 3 replies \ @Satosora 28 May

Im not saying it is right. It just worked out for them that the value of each bitcoin went up, so they were able to replace everyones fiat...and maybe a little gain. Wouldnt the situation be worse if they werent able to give anything back?

0 sats \ 2 replies \ @riberet19 28 May

The price of bitcoin in 2014 was between 400 and 800$ more or less, so the investment has multiplied x100 or so, they are returning 1/4 of the bitcoins, so in terms of fiat, everyone is winning.