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Are former customers reunited with lost bitcoin?

Former customers of bankrupt crypto exchange Mt. Gox are preparing to be reunited with their lost bitcoin—and it's a $9bn windfall. In late February 2014, Daniel was at his computer trading bitcoin on Tokyo-based crypto exchange Mt. Gox. Suddenly, the website flashed white and became unresponsive.

What happened to bitcoin in February?

Bitcoin prices fell 5% to $55,366, their lowest since February end on Friday, and was down 10% for the week. Ether slid 8% to $2,891, a one and half month low. Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March.

How much bitcoin will be returned?

However, the hundredfold increase in price in the intervening period means the dollar-value of the coins will far exceed the worth of their original pile. In all, around $9 billion worth of bitcoin will be returned. “I’ve seen the crypto universe rise, die and rise again,” says Daniel. “I’m watching the bitcoin charts daily.”

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