Some of the digital coins have been recovered since the exchange, but many of them are still lost. For every Bitcoin that has a bankruptcy claim, the estate has only 0.23 coins to pay out. On the plus side, Bitcoin traded at $ 489 when Mt. Gox went bankrupt and is currently trading at about $ 37,000 – about 75 times higher. This means that if you had 100 bitcoins worth $ 48,900 in 2014, you can now have 23 for about $ 850,000.
Mt. Gox lawsuits have been delayed in part due to a $ 16 billion claim by CoinLab that observers called ‘the elephant in the room’. However, the new agreement could enable smaller investors to recover their funds. Back in 2019, the former Mt. Gox CEO Mark Karpeles was found not guilty of the embezzlement related to the bankruptcy, but was found guilty of tampering with records and imposed a suspended sentence of 2.5 years.