Collapse · February 28, 2014
Mt. Gox files for bankruptcy
Price at event
$560
Today
$73,525
Since then
×131
850,000 BTC missing. ~7% of all Bitcoin in existence at the time. Forbes obituary #4. The civil-rehabilitation distribution to creditors does not begin until 2024 — a decade later.
⸺ Sources ⸺
- referenceMt. Gox — Wikipedia (covers the 28 February 2014 Tokyo bankruptcy filing, ~750k customer bitcoins lost, liabilities/assets) ↗
- referenceDuane Morris LLP Alert — "Bitcoin Exchange Mt. Gox Files for Bankruptcy Protection" (legal alert detailing the Feb 28, 2014 Tokyo filing, ~$64M liabilities, 850k BTC lost) ↗
- newsBitcoin Magazine — "700,000 Bitcoin Lost: Learning From The Fall Of Mt. Gox" (covers the Feb 2014 bankruptcy and 744k stolen BTC) ↗