41 sats \ 3 replies \ @siggy47 OP 25 Jul \ parent \ on: Mt. Gox Stories BooksAndArticles
I believe the bitcoin is sent to a person's account on an exchange. Then, the person can take custody or sell it for fiat.
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54 sats \ 2 replies \ @Satosora 25 Jul
Interesting. I thought they had a hack, how are they going to cover everyones balance?
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41 sats \ 1 reply \ @siggy47 OP 25 Jul
It's a long story. You can start with wikipedia: https://en.wikipedia.org/wiki/Mt._Gox
This book has a good chapter about it:
https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X
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54 sats \ 0 replies \ @Satosora 25 Jul
Okay, I will give it a look see.
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