A Glitch in the System Leads to Double Payments and Confusion
In a bizarre twist to the ongoing saga of the Mt. Gox crypto exchange, creditors have reportedly been accidentally paid twice in the rehabilitation settlement. The double payment, which is believed to be due to a system glitch, has led to confusion and debate within the crypto community.
The issue came to light when a Reddit user shared the contents of an email allegedly received from the Mt. Gox Rehabilitation Trustee.
The email stated that some creditors had been inadvertently sent their settlement funds twice via PayPal. The email also emphasized that the second transfer was an error and that recipients were not authorized to keep the duplicate funds.
Reactions from the Crypto Community
The news of the double payment was met with a mix of reactions on Reddit. Some users, like u/PPvotersPostingLs, promptly returned the excess payment, expressing understanding for the trustee’s situation.
However, not all creditors were so willing to comply. Some argued that the Mt. Gox Trust should have a Know Your Customer (KYC) process in place and wait a decade before expecting the return of the erroneously transferred funds.
User u/JALEW expressed a willingness to return the money but added conditions, highlighting the lingering distrust among Mt. Gox creditors.
Legal Implications
While some may be tempted to keep the duplicate funds, it is important to note that there could be legal consequences for doing so.
In a similar incident in 2022, two sisters in Melbourne were accidentally sent over $10 million instead of $100 by Crypto.com. One of the sisters was arrested for not returning the funds, highlighting the serious repercussions of withholding mistakenly transferred money.
The Mt. Gox double payment is just the latest chapter in the exchange’s long and troubled history. The exchange filed for bankruptcy in 2014 after it was revealed that it had lost hundreds of millions of dollars in Bitcoin to hackers.
The rehabilitation process has been slow and complex, and it is unclear when creditors will finally receive all of the money they are owed.
In the meantime, the accidental double payment has added a new layer of uncertainty to the situation. It remains to be seen how the Mt. Gox Trust will resolve the issue, but it is sure to be a topic of conversation within the crypto community for some time to come.
