The notorious 2014 Bitcoin hack on the largest cryptocurrency exchange platform in the world, Mt. Gox, has recently begun reimbursing customers affected by the issue. The only problem now is that the company is asking for the money back, particularly for those who were mistakingly given double payments via PayPal, after some accounts got it twice, for unknown reasons.
After almost ten years of being left in the air, Mt. Gox is doing the right thing in giving customers their money back, but a new issue arose for the victims.
Mt. Gox 2014 Bitcoin Hack Sent Double Payments to Customers
A new development over at the infamous 2014 Bitcoin hack of the defunct company, Mt. Gox, has been processing the returns of stolen money to its affected customers after as much as 850,000 of the top coin was stolen. However, there is a problem in the recent reimbursements for the stolen money, as not only will users get the value that was looted from there before, but incorrect payments were also made.
To be precise, some customers were given double the amount they were supposed to receive via PayPal, and now, its trustees want it back.
This specific hack caused Mt. Gox's collapse and bankruptcy filing in 2014, with the 850,000 Bitcoins then only amounting to $272 million, but now, at reportedly around $35 billion.
Mt. Gox is Asking for its Money Back for its Mistake
While the customers are not getting the payoffs from how much Bitcoin has grown since nine years ago, the mistaken payments are now asking to return it, with the Rehabilitation Trustee sending emails to the victims (revealed via Reddit). It is unknown if these double payment mistakes were made to all customers or only a handful of users, but it said that users are "legally obligated" to return the exact amount sent the second time.
The Massive Controversy of Mt. Gox
Once hailed as the largest cryptocurrency exchange platform of its time, Mt. Gox rose to fame when it was one of the pioneers in offering Bitcoin transactions to be more accessible to the public. But, it was not smooth sailing for the company, and it eventually led to it filing for bankruptcy, amidst a massive breach which lost as much as 850,000 Bitcoins during this time.
Around nine years ago, Bitcoin was only priced at $318, but now, it has grown more than 10,000 percent, with its current price now playing around $40,000.
Hackers were also vindictive against Mt. Gox's infamous CEO, Mark Karpeles, saying that he was a fraud, also claiming to expose him with legitimate evidence obtained via the breach.
As Mt. Gox closed its platform for good, customers have long rallied for their money back after its initial bankruptcy and collapse, but for so long, they were left hanging without any returns. Despite Bitcoin's soaring its price in the market, Mt. Gox victims were only getting their money's worth after the attack in 2014, but now, the company bugs them regarding the double payments incorrectly made.
