The once-prominent Mt. Gox Steps Forward with Refunds Initiated for Creditors in Japanese Yen

Defunct Bitcoin exchange Mt. Gox The beleaguered exchange has taken steps to refund its creditors in Japanese Yen through PayPal. Users on Reddit have confirmed they received their funds, marking a significant move almost ten years after the infamous hack in February 2014.

This news came shortly after Nobuaki Kobayashi, the trustee in charge of Mt. Gox’s bankruptcy proceedings, revealed the commencement of repayment plans for rehabilitation creditors on November 21. He anticipated that cash repayments would begin in 2023 and likely extend into 2024. Bitcoin Repayments will be issued in multiple phases, which include the base amount, an early lump-sum payment, and intermediate distributions. On December 21, a user with a pseudonym from Japan shared their success story of receiving payments from Mt. Gox via bank transfer, deposited in Japanese Yen.

-- びりある#全財産DeFi@𝐜𝐫𝐲𝐩𝐭𝐨𝐠𝐫𝐚𝐩𝐡𝐞𝐫 (@visvirial)

Cyber Attacks Targeting Cryptocurrency Exchanges Bitcoins .

The cryptocurrency sector has recently faced a disturbing pattern marked by a surge in cyberattacks aimed at crypto exchanges.

-- Previously referred to as Huobi, a platform fell prey to hackers, resulting in the theft of roughly $30 million in cryptocurrency. This event came on the heels of another cybersecurity incident involving Poloniex, which also reported significant losses amounting to about $100 million.

HTX One incident involved a security lapse where an unauthorized individual gained access to Binance’s law enforcement request panel, which allowed them to breach account data for a price. This breach affected three law enforcement officers' computers and compromised the credentials saved in their browsers, facilitating unauthorized access to Binance's login area. Justin Sun Even with the encouraging news surrounding Mt. Gox's long-anticipated repayment efforts, the cryptocurrency world continues to contend with the ongoing menace of cyber threats, prompting concerns about the safety of these platforms.

Likewise, crypto exchange Binance experienced Stay updated on cryptocurrency distribution in our

Binance’s law enforcement request panel

Please keep in mind that the information found on this page is not designed to serve as and should not be considered legal, tax, investment, financial, or any other form of advice. It's critical to invest only what you can afford to lose and to consult with a financial advisor if you have any uncertainties. For further insights, we recommend reviewing the terms and conditions as well as the help and support sections provided by the issuer or advertiser. MetaversePost strives for thorough and unbiased reporting, but please note that market conditions may change rapidly and without warning. Airdrops Calendar .