Mt. Gox may return Bitcoin worth over $6 billion

[NoorulHuda]

https://forkast.news/mt-gox-may-bitcoin-mark-karpeles-ungoxed-nft/

Even before Mt. Gox went bankrupt on Feb. 28, 2014 - with 850,000 Bitcoins reported missing, the Japanese police had begun an investigation into the exchange which Karpeles said he cooperated with.

The Nifty NFT. If you had an account with Mt. Gox you can now access mtgoxnft.net



But be aware to invest. They can scam again.

Edit

Update about Mt.Gox


https://cointelegraph.com/news/mt-gox-wallet-transfers-6-800-btc-as-ex-ceo-plans-to-redistribute-6b

Be careful it can scam again.

[tranthidung]

From a scam exchange to a collection of NFT from them. Do you put your capital into their hands again? I don't say bad people or bad team can not change to good one but if it is me, I don't put my capital at risk like that.

If they do their return distribution, it might create another FUD wave that will affect the market. People might worry about selling pressure from people who get their Bitcoin after years. Obviously years ago, they bought Bitcoin at much lower price than now. In my opinion, it won't bring much selling pressure because not all of them will sell on the market in a single day.  In addition, total trading volume last 24 hour of Bitcoin is $36 billion according to Coinmarketcap

[Taskford]

From a scam exchange to a collection of NFT from them. Do you put your capital into their hands again? I don't say bad people or bad team can not change to good one but if it is me, I don't put my capital at risk like that.

If they do their return distribution, it might create another FUD wave that will affect the market. People might worry about selling pressure from people who get their Bitcoin after years. Obviously years ago, they bought Bitcoin at much lower price than now. In my opinion, it won't bring much selling pressure because not all of them will sell on the market in a single day.  In addition, total trading volume last 24 hour of Bitcoin is $36 billion according to Coinmarketcap

Crazy for trusting back again since how could we trust them if their issue is so huge way back before and yet we don't know if that is legit and not a scammers who use their name just to make their scheme viral easily. Anyways  lets be more careful or vigilant since its really hard to get back our money if this is handed already to scammers.

[Obito]

Why would you invest in that NFT if you know that they already have a history of scamming people which is probably the most stupid thing to do. Good thing that the people will finally see some justice in this scam that rocked the crypto world, will the reparations be equal to the bitcoin they earn or what's the value that they have from it converted to what it's value is currently?

[uneng]

Why would you invest in that NFT if you know that they already have a history of scamming people which is probably the most stupid thing to do. Good thing that the people will finally see some justice in this scam that rocked the crypto world, will the reparations be equal to the bitcoin they earn or what's the value that they have from it converted to what it's value is currently?

Well, the NFT is claimable for free for every users who had an account on the exchange back then. I think it's unlikely something coming from them is going to become valuable due to the company's history, but since it's for free, there isn't any cons in acquiring that.

About the reparations, it's impossible for them to return the same amount of bitcoins investors had when the scam happened. People will receive an amount of btc proportional to the value of their accounts in dollar on that time, plus some extra profit. It's not going to be a total loss, but not fully profitable as it could be by holding bitcoin since that time till now.

[noormcs5]

https://forkast.news/mt-gox-may-bitcoin-mark-karpeles-ungoxed-nft/

Even before Mt. Gox went bankrupt on Feb. 28, 2014 - with 850,000 Bitcoins reported missing, the Japanese police had begun an investigation into the exchange which Karpeles said he cooperated with.

Can anyone confirm if they Mt. Gox have returned the $6 billion dollar wort of bitcoins or  they will do it soon. The bitcoin market is going good for the last few days and if this happens, there will be a big dump in the bitcoin prices.

The Nifty NFT. If you had an account with Mt. Gox you can now access mtgoxnft.net



But be aware to invest. They can scam again.

So this NFT is free for the Mt Gox users but others users will have to pay for them ? I would not risky my money to buy NFT from this site who does not have a good reputation in the past.

[Woodie]

I don't know how these guys have this confidence and guts to even expand to NFts when their primary product (the exchange) pulled a fast one on its clients ....where do they think the trust will come from for people to trust their hard earned money on another Mt Gox project???
Someone sue these guys for damages!!!

Btw with the "may" payback has a 50-50 chance of happening or not happening.

[Fatunad]

From a scam exchange to a collection of NFT from them. Do you put your capital into their hands again? I don't say bad people or bad team can not change to good one but if it is me, I don't put my capital at risk like that.

If they do their return distribution, it might create another FUD wave that will affect the market. People might worry about selling pressure from people who get their Bitcoin after years. Obviously years ago, they bought Bitcoin at much lower price than now. In my opinion, it won't bring much selling pressure because not all of them will sell on the market in a single day.  In addition, total trading volume last 24 hour of Bitcoin is $36 billion according to Coinmarketcap

We cant tell but most people or users  would definitely be considering on selling out which into a fund that they dont really be expecting for it to be given back just like on mtgox situation.
If ever it would be given back then expect that there would be some decline but not really much on bigger percentage thats why expect the unexpected as always.
speaking of those nft which driven by them then i dont see for it to be a good idea on dealing with it yet it might be ending up on the same fate to those who had trusted
them wayback in years.

[Ale88]

If they do their return distribution, it might create another FUD wave that will affect the market. People might worry about selling pressure from people who get their Bitcoin after years. Obviously years ago, they bought Bitcoin at much lower price than now. In my opinion, it won't bring much selling pressure because not all of them will sell on the market in a single day.  In addition, total trading volume last 24 hour of Bitcoin is $36 billion according to Coinmarketcap

I was thinking the same: probably we're going to have some FUD, as usual, and some people will start panic selling because they have no idea of what s actually going on. $6 billion is nothing special with the current BTC value, this market is way different compared to a couple of years ago.