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City AM
City AM
By Darren Parkin Almost a decade on from losing their investments, customers of collapsed crypto exchange Mt. Gox could see some of their funds returned by the end of the year. Mt. Gox was a Tokyo-based exchange which launched in 2010 – only a year after the original cryptocurrency, Bitcoin, was created. By 2014 it was handling almost three-quarters of global Bitcoin transactions. However, a whirlwind of revelations about its role in the loss of hundreds of millions of US dollars in Bitcoin saw operations shut down in February 2014. Trading was suspended, the website and exchange were closed, …
