Document: Tibanne K. K. Billed Mt. Gox For $200K, Money Possibly Taken From Creditor Funds
A newly-published post this weekend by GoxDox.org - a website that collects and publishes documents related to now-defunct bitcoin exchange Mt. Gox - reveals that Mt. Gox parent company Tibanne K. K. (led by Mark Karpeles) may have invoiced Mt. Gox for "services rendered" following the exchange's dramatic collapse earlier this year. The document, in Japanese, is heavily redacted, and according to GoxDox, the court-appointed trustee Nobuaki Kobayashi (tasked with watching over Mt. Gox's bankruptcy) signed off on the charges. The documents suggest there only remains $7.6 million in funds....
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Wednesday Mt. Gox’s operator announced its intention to sell its rights over its bitcoin trademarks. Meanwhile, CoinLab’s string of complaints against plan to revive Mt. Gox were shot down by a Dallas bankruptcy court judge Tuesday. Holding company Tibanne is looking to sell the rights to its bitcoin trademarks in Japan and the EU, where the trademarks were originally approved, for $1 million. The sale would include the word “bitcoin” and the domain bitcoins.com. Company executive Mark Karpeles told The Wall Street Journal that the company no longer has any use for them, presumably....
Let's go ahead an file this in the "make what you will of it" cabinet. If you've been following the Mt. Gox debacle, you're probably already aware of a website called GOXDOX.org, whose main goal is to "[call] bullshit on behalf of [Mt. Gox] creditors." The site has thus far been a reliable hub for news related to the ongoing bankruptcy case of the failed bitcoin exchange, and a post published on Tuesday claims that Mt. Gox's bankruptcy trustee has paid out large sums of money to Tibanne K. K., Mt. Gox's parent company run by Mark Karpeles. GOXDOX writes: Straight from the Trustee's bank....
Controversy surrounds a leaked report that bankrupt exchange Mt. Gox paid almost $200,000 in fees to its parent company, Tibanne K. K., after the exchange had filed for bankruptcy. According to documents posted on the website goxdox.org, Tibanne, the web services company also owned by Gox CEO Mark Karpeles, and which shared the same office space, invoiced Mt. Gox on 26th May for "services rendered". Those services included office rent, server fees and employee expenses. However, according to a Reuters report in March, Mt. Gox had no other full time employees besides Karpeles and everyone....
A years-old $75 million lawsuit against Mt Gox by U.S. company CoinLab is delaying payouts to creditors, the Japanese bankruptcy trustee revealed today. Back to Tokyo Bankruptcy Court. In the latest creditors’ meeting at Tokyo District Court, bankruptcy trustee Nobuaki Kobayashi confirmed the suit remains active. U.S. company CoinLab filed the suit in....
Mt. Gox creditors were outraged to learn from newly released court documents that Mt. Gox, once the largest bitcoin exchange and now in liquidation, paid, in May 2014, Tibanne, the parent company of Mt. Gox, $200,000 for services rendered. More shockingly, out of approximately $30 million Mt. Gox claimed on the 28th of February 2014 it still holds, only $7 million remain. It is not known what happened to these creditor's funds of $20 million while Mt. Gox was under the supervision of the Liquidator and the Japanese Court. If they have been spent, this translates to incredible expenses of....