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Some of the digital coins have been recovered since the exchange went bankrupt, but much of it is still lost. For each Bitcoin that has a bankruptcy claim, the estate only has 0.23 coin to disburse. On the positive side, Bitcoin traded at $ 489 when Mt. Gox has gone bankrupt and is currently trading around $ 37,000 at the time of writing – roughly 75 times that. This means that if you had 100 bitcoins worth $ 48,900 in 2014, you could now have 23 worth around $ 850,000.
Mt. The Gox litigation dragged on in part because of a $ 16 billion claim from CoinLab that observers have called “the elephant in the room.” However, the new deal could allow small investors to recover their funds. Back in 2019, the old Mt. Gox CEO Mark Karpeles was found not guilty of embezzlement related to bankruptcy but was convicted of falsifying documents and was given a 2.5-year suspended sentence.
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