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Mt. Gox tale back with a new twist with the ingress of CoinLab

Mt. Gox, a cryptocurrency exchange popular for its heist, is back in the limelight with a new twist in the civil rehabilitation program. The next court hearing on the same topic is going to be held towards the end of this month, February 2019, and this time the court will have to decide whether the victims of the hack should be the first to reclaim their loss or not.

According to the latest reports, Peter Vessenes, the co-founder of CoinLab and former Chair at Bitcoin Foundation, is taking part in the rehabilitation program as well. The former chair is claiming over  1.6 trillion in Japanese Yen, which is a claim of around $16 billion. If this claim is passed by the court, then there would have a huge impact on the funds left for the victims of the hack.

Daniel Kelman, an attorney was one of the first to notice the claims. He said on official Twitter handle:

“Peter @vessenes is now confirmed as the party claiming ¥1.6 JPY in damages from MtGox. He apparently thinks MtGox victims…

Read Full Story : AMBCrypto

2019-02-02 11:50:43

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