Hacked Mt.Gox exchange to pay users compensation worth $6 billion

The exchange’s former head Mark Karpeles said that the trading platform’s trustee will distribute the compensation among the affected customers

29.03.2022 - 08:00

187

1 min

What’s new? The Mt.Gox exchange will pay compensation of up to $6 billion to the hacked customers. The platform’s former CEO Mark Karpeles stated this in an interview with Forkast.

The full version of the interview

What statements did Karpeles make? According to the ex-director, the exchange’s trustee will distribute up to $6 billion worth of bitcoins left on the platform to the affected customers. Karpeles did not name a timeframe in which the distribution of compensation will take place.

Another statement was related to Karpeles’s plans to open a rating agency, UNGOX, which will evaluate cryptocurrency exchanges. In addition, the former Mt.Gox director’s plans also include issuing his own NFTs, which will give exchange customers a lifetime of free access to the UNGOX website and services.

Mt.Gox is one of the first and largest cryptocurrency exchanges, with up to 70% of bitcoin transactions passing through in 2013. In February 2014, the exchange was hacked. The users lost 744 000 bitcoins ($35,34 billion at the exchange rate on March 29, 2022) in the hack.

Author: