30 October 2024 Internal T.I. 2023-0996541I7 - Capital gain or loss in Mt. Gox insolvency -- summary under Paragraph (b)

The Directorate indicated that if the taxpayer (contrary to its understanding of the facts) had been the beneficial owner of bitcoin held by a platform operator, compensation received by the taxpayer for the loss of such bitcoin through theft or loss would have given rise to a disposition whose timing was subject to s. 44(2).