‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make ‘Gox Coin’ for Creditors

A new movement “GoxRising” is calling for a speedier rehabilitation plan for creditors of the now-defunct BTC exchange Mt.Gox, with the long-term aim of rebooting the platform.

A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for  creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7.

As previously reported, roughly 24,000 creditors are thought to have been affected by Mt. Gox’s 2011 hack and subsequent collapse in early 2014, which resulted in the loss of 850,000 BTC valued at roughly $460 million at the time.

Reimbursement of creditors is currently being handled under the stewardship of Tokyo attorney Nobuaki Kobayashi, who was appointed by a Japanese court to act as…

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2019-02-07 13:35:00

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