Mt. Gox Victims Report ‘Double Repayments’ From 2014 Bitcoin Hack


In 2014, the largest cryptocurrency exchange in the world, Mt. Gox, suffered a notorious hack that stole 850,000 Bitcoins from the platform. Victims are finally starting to get their money back on Tuesday, nearly 10 years later. However, some are reporting Mt. Gox accidentally sent “double payments” and the trustees are asking for some of it back.

“Due to a system issue, the transfer of money to you was inadvertently made twice,” said Mt. Gox in an email numerous creditors posted on Reddit. “Please note that you are not authorized to receive the second transfer and are legally obligated to return the above amount to the Rehabilitation Trustee.”

The hack caused Mt. Gox to file for bankruptcy in 2014. At the end of that year, 850,000 Bitcoin was roughly worth $272 million, but Bitcoin prices have since skyrocketed, and it’s now worth over $35 billion. For the last 10 years, creditors have been waiting for Mt. Gox trustees to recoup stolen funds. Trustees recovered roughly 20% of the hack


Source: Mt. Gox Victims Report ‘Double Repayments’ From 2014 Bitcoin Hack

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