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Victims and investors are sitting on a trove of Mt Gox claims. Now they’re set to make bank.

Bitcoin • November 22, 2021, 11:15AM EST
UPDATED: November 22, 2021, 11:16AM EST
The Block

Quick Take

  • The trustee in Mt. Gox’s bankruptcy presides over a trove of 141,686 bitcoins with a market value of over $8.3 billion that is at last nearing redistribution. 
  • Fortress Investment Group and 507 Capital, which have spent years hoovering up unpaid Mt. Gox claims, stand to make huge profits.
  • So too do creditors of the crypto exchanges Bitcoinica and Bitcoin Builder, which used Mt. Gox as a custodian, thanks to massive growth in the price of bitcoin since the infamous hack. 
Fortress Investment Group and 507 Capital stand to make huge profits when Mt. Gox creditors at last receive pay-outs.
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