Recently, many newbies in the cryptocurrency circle don’t know much about Mt.Gox. Let me explain it to you!!!

Mt.Gox, also known as Mentougou, is an exchange! In June 2011, Mt.Gox was hacked and its coins were stolen!

At that time, the exchange announced that it had lost 850,000 BTC (750,000 belonged to customers and 100,000 belonged to the platform), but later Mt.Gox said that it had found 202,185 bitcoins that were thought to have been stolen on the system, so the loss should be 650,000 BTC.

Mt.Gox lost a total of about 650,000 BTC that year, and currently still holds 140,000 BTC, which means that the recovery rate of BTC currency standard is about 21.5%. Simply put, if you held 100 BTC in Mt.Gox, you can only get back about 21.5 BTC now. The currency standard has undoubtedly plummeted, but considering that BTC has increased by hundreds of times in recent years, the fiat currency standard is a huge profit (equivalent to passive lock-up).

At that time, the market price of Bitcoin was about 300 US dollars, and now it is 60,000 U! ! The Mt.Gox hacking incident has occurred for many years, and the relevant claims have been circulating in the market for a long time. A large number of original creditors have traded their claims to institutions specializing in bankruptcy claims for the need to realize them as soon as possible.

It is currently expected that compensation will start in July! ! ! In general, the selling pressure of BTC is not bad, and the most important thing is the selling pressure of BCH. After all, the price and liquidity of BCH are far inferior to Bitcoin! ! ! !