Security News > 2024 > July > A decade after collapsing, crypto exchange Mt Gox repays some investors

Asia In Brief Mt Gox, the Japanese crypto exchange that dominated trading for a brief time in the early 2010s before collapsing amid the disappearance of nearly half a billion dollars worth of the digicash, likely as a result of its own shoddy software, has said it will start to repay some investors - in Bitcoin.

Last week the failed scheme issued a notice [PDF] advising creditors that it would repay some Bitcoin and Bitcoin Cash.

The Bitcoin Mt Gox lost track of is now worth over $50 billion - meaning some investors may come out ahead even though the outfit hasn't recovered all its virtual assets.

S Krishnan, secretary of India's Ministry of Electronics and Information Technology, said on Saturday he intends to ask New Delhi for extra funds as ₹70,000 crore of the ₹76,000 crore allocated for the "India semiconductor mission" has already been committed.

The Register observes that India's scheme is small compared to the subsidies offered by the US and the European Union, both of which top $50 billion, and is yet to attract a major established chipmaker.

The central banks of India, Malaysia, the Philippines, Singapore and Thailand last week agreed to link their local instant payment services.

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