Mt. Gox Bitcoin Payouts to Former Users

Summary:
Mt. Gox, the Bitcoin exchange notorious for its 2014 bankruptcy and the loss of up to 950,000 Bitcoin, is now distributing $9 billion worth of recovered Bitcoins to its former account holders. Although only 140,000 Bitcoins have been recovered, their value has surged by 10,000% since 2014. Many creditors are opting for in-kind reimbursement in Bitcoin due to tax implications and potential future price gains. Experts suggest that some may use their Bitcoin as collateral to avoid capital gains tax. Those who held onto their bankruptcy claims are likely to see significant returns, though the total recovery remains incomplete.