When Mt. Gox Bitcoin Holders are Reimbursed Will They Buy Tamadoge?

Updated: 04 September 2022

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Mt. Gox, a Bitcoin exchange platform that got hacked eight years back, has proclaimed that it will reimburse its users in due course.

Mt. Gox was one of the prominent exchanges in the world until it was hacked and shut down in 2014, losing 850,000 Bitcoin that would be worth more than $16.8 billion today.

Following the hack, its users have been drawn into a long, drawn-out legal case to get their payouts. However, the platform’s rehabilitation endeavors were prolonged several times which kept stretching the entire case.

Nobuaki Kobayashi, one of the trustees of Mt. Gox, announced in a recent notice that the former customers would have to make a claim by 15 September in order to get their payouts. The notice added that all the creditors will get a base payment, and they can pick whether they want the rest of the funds later or early as a lump sum payment.

The document further added that the creditors must claim before 15 September, or else it may not be considered.

Mt. Gox identified the suspicious activities in the digital wallets in early Feb 2014 and halted the withdrawals. At the end of February, the company completely suspended the withdrawals and stopped trading, which led Bitcoin to go down the hill by 36% in no time.

This news of the Mt. Gox may shatter Bitcoin again more severely as we are in the bear market, and there are chances that the supply distribution may take the price even down.

TAMA is selling out fast

Tamadoge has raised more than $10 million from its presale and is on the verge of selling out the rest of the 35% tokens quickly.

Tamadoge’s presale is the chance for those former Mt. Gox BTC holders to experience a coin with better utility at a relatively lower price during its presale. They can purchase it either during its presale or once it gets listed on a few exchanges – which the platform has already set up.

Another reason for buying TAMA is that it is expected to come out as lucrative for the investors once its presale ends and it gets listed over exchanges. Moreover, buying TAMA is fairly straightforward. Users can simply purchase via fiat, ETH, or USDT and can claim the purchases TAMA’s once the presale ends.

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