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Ten years ago, on February 28, 2014, Mt. Gox, a prominent cryptocurrency exchange based in Japan, filed for bankruptcy protection. Prior to this, on February 24th, Mt. Gox abruptly halted all trading activities, and shortly after, its website vanished, displaying a blank page.

The collapse of Mt. Gox serves as a stark reminder of the importance of self-custody in the realm of cryptocurrencies. Ensuring complete control over one's Bitcoin holdings should always remain a top priority.

Recent reports indicate that the trustee has reached out to creditors to verify their accounts on the exchange. It appears Mt. Gox aims to compensate victims by rehabilitating them with Bitcoin or Bitcoin Cash.

#crypto #MtGox #Bitcoin #Blockchain #Bankruptcy #CryptoNews #Coinpedia
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