{"id":476728,"date":"2021-11-18T23:00:21","date_gmt":"2021-11-18T23:00:21","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=476728"},"modified":"2024-06-11T11:54:53","modified_gmt":"2024-06-11T11:54:53","slug":"mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/","title":{"rendered":"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack"},"content":{"rendered":"

Mt Gox is set to return BTC lost by victims<\/a> who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend in the crypto space, although it is very much real. It really kickstarted the \u201cnot your keys, not your coins\u201d school of thought after thousands lost their crypto holdings when the crypto exchange succumbed to a hack that would see it shutter its doors forever.<\/p>\n

The Mt Gox rehab plan was established after the hack, seeking to compensate those who lost their bitcoins to the hack six years ago. The rehab plan had been pending for a while but a trustee board has recently approved the plan. This means that compensation will soon begin for the victims of the hack who will finally get at least a portion of the assets they had lost in 2014.<\/p>\n

Related Reading |\u00a0Crypto Analyst Says Bitcoin Won\u2019t Hit $100,000 This Year, When Will It Hit?<\/a><\/strong><\/em><\/p>\n

Redistributing 141,686 BTC<\/h2>\n

The total amount of bitcoin to be redistributed in the rehab plan is 141,686. It will go to those who are confirmed to have lost their bitcoin to the exchange hack and had subsequently voted to have the rehab plan approved. The Tokyo District Court had approved the reimbursement notice after the voting period was concluded, which would see the BTC redistributed back to the victims.<\/p>\n

\"Bitcoin<\/p>\n

BTC on a downward trend | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Users affected by the hack have waited more than six years and now it looks like there is a light at the end of the tunnel. The date of redistribution is yet to be disclosed by the parties in charge. Mindao Yang, a creditor of Mt Gox, disclosed that the victims may in fact not see their compensation until 2023. This is because creditors will have to collect their funds gradually over time.<\/p>\n
Redistribution Plan<\/h2>\n
A factor to consider when it comes to the redistribution of the BTC is the fact that the bitcoins are now worth a lot more than they used to. When the infamous Mt Gox hack occurred, the price of bitcoin was $500-$600 on average. Today, the digital asset\u2019s value has ballooned to over $60,000. This has led to concerns as to whether the victims will get their original BTC holdings back or be paid out in fiat.<\/p>\n
CoinDesk addressed this in a report<\/a> from May as to how the redistribution could work. Claimants had received a letter in 2020 that notified them of how their holdings would be returned. The payouts would be made in both JPY and BTC or BCH. However, it is being made with the price of bitcoin pegged to about $7,000 per coin. This is a long way from the current trading price of over $60K but it is also much higher than the average price when the hack occurred.<\/p>\n
Impact On Bitcoin Price<\/h3>\n
With approximately 150,000 BTC set to hit the market once the redistribution begins, there have been speculations of what this might mean for the digital asset. Some have predicted that the price of bitcoin will suffer greatly once these coins hit the market<\/a>. This is not entirely true.<\/p>\n
Related Reading |\u00a0There Are More People Using Bitcoin Wallets Than Bank Accounts, Says El Salvador President<\/a><\/strong><\/em><\/p>\n
There is no doubt that some of the BTC being released will hit exchanges. However, it is important to bear in mind that the payouts will not happen in one fell swoop. The redistribution will be carried out over time to various creditors. This means that all of the 141,686 bitcoins will not hit the market at the same time. Rather, only a small amount at a time will be released, which will not have much impact on the price of the digital asset.<\/p>\n
Featured image from Forbes, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend in the crypto space, although it is very much real. It really kickstarted the \u201cnot your keys, not your coins\u201d school of thought after thousands lost their crypto holdings when the crypto exchange succumbed to a hack that would see it shutter its doors forever. The Mt Gox rehab plan was established after the hack, seeking to compensate those who lost their bitcoins to the hack six years ago. The rehab plan had been pending for a while but a trustee board has recently approved the plan. This means that compensation will soon begin for the victims of the hack who will finally get at least a portion of the assets they had lost in 2014. Related Reading |\u00a0Crypto Analyst Says Bitcoin Won\u2019t Hit $100,000 This Year, When Will It Hit? Redistributing 141,686 BTC The total amount of bitcoin to be redistributed in the rehab plan is 141,686. It will go to those who are confirmed to have lost their bitcoin to the exchange hack and had subsequently voted to have the rehab plan approved. The Tokyo District Court had approved the reimbursement notice after the voting period was concluded, which would see the BTC redistributed back to the victims. BTC on a downward trend | Source: BTCUSD on TradingView.com Users affected by the hack have waited more than six years and now it looks like there is a light at the end of the tunnel. The date of redistribution is yet to be disclosed by the parties in charge. Mindao Yang, a creditor of Mt Gox, disclosed that the victims may in fact not see their compensation until 2023. This is because creditors will have to collect their funds gradually over time. Redistribution Plan A factor to consider when it comes to the redistribution of the BTC is the fact that the bitcoins are now worth a lot more than they used to. When the infamous Mt Gox hack occurred, the price of bitcoin was $500-$600 on average. Today, the digital asset\u2019s value has ballooned to over $60,000. This has led to concerns as to whether the victims will get their original BTC holdings back or be paid out in fiat. CoinDesk addressed this in a report from May as to how the redistribution could work. Claimants had received a letter in 2020 that notified them of how their holdings would be returned. The payouts would be made in both JPY and BTC or BCH. However, it is being made with the price of bitcoin pegged to about $7,000 per coin. This is a long way from the current trading price of over $60K but it is also much higher than the average price when the hack occurred. Impact On Bitcoin Price With approximately 150,000 BTC set to hit the market once the redistribution begins, there have been speculations of what this might mean for the digital asset. Some have predicted that the price of bitcoin will suffer greatly once these coins hit the market. This is not entirely true. Related Reading |\u00a0There Are More People Using Bitcoin Wallets Than Bank Accounts, Says El Salvador President There is no doubt that some of the BTC being released will hit exchanges. However, it is important to bear in mind that the payouts will not happen in one fell swoop. The redistribution will be carried out over time to various creditors. This means that all of the 141,686 bitcoins will not hit the market at the same time. Rather, only a small amount at a time will be released, which will not have much impact on the price of the digital asset. Featured image from Forbes, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":476730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,5973,3066,3067],"class_list":["post-476728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-mt-gox-bitcoin","tag-mt-gox","tag-mt-gox-hack"],"acf":[],"yoast_head":"\nMt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack<\/title>\n<meta name=\"description\" content=\"Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack\" \/>\n<meta property=\"og:description\" content=\"Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-18T23:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T11:54:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack\",\"datePublished\":\"2021-11-18T23:00:21+00:00\",\"dateModified\":\"2024-06-11T11:54:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\"},\"wordCount\":624,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640\",\"keywords\":[\"bitcoin\",\"btc\",\"mt gox bitcoin\",\"mt. gox\",\"Mt. Gox hack\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\",\"url\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\",\"name\":\"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640\",\"datePublished\":\"2021-11-18T23:00:21+00:00\",\"dateModified\":\"2024-06-11T11:54:53+00:00\",\"description\":\"Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640\",\"width\":960,\"height\":640,\"caption\":\"Picture of bitcoins on top of dollar bills\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/shenyangcang.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack","description":"Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/","og_locale":"en_US","og_type":"article","og_title":"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack","og_description":"Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend","og_url":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-11-18T23:00:21+00:00","article_modified_time":"2024-06-11T11:54:53+00:00","og_image":[{"width":960,"height":640,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/"},"author":{"name":"Best Owie","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack","datePublished":"2021-11-18T23:00:21+00:00","dateModified":"2024-06-11T11:54:53+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/"},"wordCount":624,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640","keywords":["bitcoin","btc","mt gox bitcoin","mt. gox","Mt. Gox hack"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/","url":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/","name":"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640","datePublished":"2021-11-18T23:00:21+00:00","dateModified":"2024-06-11T11:54:53+00:00","description":"Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640","width":960,"height":640,"caption":"Picture of bitcoins on top of dollar bills"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/shenyangcang.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack","url":"http:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","mt gox bitcoin","mt. gox","mt. gox hack"],"dateCreated":"2021-11-18T23:00:21Z","datePublished":"2021-11-18T23:00:21Z","dateModified":"2024-06-11T11:54:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/bitcoin-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/bitcoin-2.jpeg?fit=960%2C640\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"mt gox bitcoin\",\"mt. gox\",\"mt. gox hack\"],\"dateCreated\":\"2021-11-18T23:00:21Z\",\"datePublished\":\"2021-11-18T23:00:21Z\",\"dateModified\":\"2024-06-11T11:54:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2021\/11\/bitcoin-2.jpeg?fit=960%2C640","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/476728"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=476728"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/476728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/476730"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=476728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=476728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=476728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}