How a motley crew of investors won back $14b in bitcoin
For more than a decade, creditors of collapsed crypto exchange Mt Gox pushed back on Japan’s bankruptcy laws. Their efforts have paid off, big time, in bitcoin.
Tokyo | On a quiet side street in Shibuya, one of Tokyo’s most colourful and bustling suburbs, are the remains of what was envisioned as a French-inspired cafe.
Above it looms the glass building that was once the headquarters of Mt Gox, one of the world’s first bitcoin exchanges, which collapsed in 2014 after a series of hacks and a leak that resulted in 850,000 bitcoin draining away.
Jessica SierNorth Asia correspondentJessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
