Bitcoin’s soaring price means bankrupt Mt. Gox may soon be able to pay its creditors

in #bitcoin8 years ago

In the bitcoin world, even insolvency is just a bull run away from being reversed.
The infamous bitcoin exchange Mt. Gox, which declared bankruptcy in 2014 while owing creditors 45 billion yen ($414 million), has a stash of bitcoins held by its trustee that—at least for the moment—are valuable enough to pay off its creditors and then some, thanks to the cryptocurrency’s record-setting price surge this year. Bitcoin set a historic image

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they might have the funds to pay back, but will they?

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