Mt. Gox Files for Bankruptcy, Claims $63.6 Million Debt
Mt. Gox is officially filing for bankruptcy protection with an outstanding debt of ¥6.5bn ($63.6m), finally admitting openly that 750,000 of its customers' bitcoins and 100,000 of the company's own have been lost. The exchange's lawyer announced the news during a conference at the Tokyo District Court late on Friday afternoon, Japan time. CEO Mark Karpeles, wearing a suit and tie, bowed deeply in the tradition of disgraced Japanese business leaders fronting the media. Subtitles read: "The 750,000 bitcoins we kept for users, (37,000 million yen), almost all gone." The 850,000 BTC loss....
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The deadline for creditors to file claims against the bankrupt MtGox bitcoin exchange has been extended until July 29, 12:00 JST. On April 22, 2015, the bankruptcy trustee created a system that enabled MtGox users to file claims against the exchange regarding their lost funds. Currently, the bankruptcy trustee is accepting bankruptcy claims filed by users using the system, an online method which the trustee claims to be temporarily unavailable. The period for filing bankruptcy claims was set to end on May 29, 2015, but the bankruptcy trustee has been accepting filings of bankruptcy claims....
Mt. Gox Bankruptcy Trustee, Attorney Nobuaki Kobayashi, today announced to extend the deadline for Bitcoin exchange users to file their bankruptcy claims online. According to the updated details, Mt. Gox users can now file fresh claims by 12 pm on July 29, 2015 (Japan Time), as opposed to the previous deadline, which was May 29, 2015. The new update also allows users to make changes to their filed applications (for example, change in address, company name, etc.) However users cannot modify the amount that they had claimed during the first filing. Excerpt from the notice: "Nearer the time....
Karpeles bowing in apology. Mt. Gox CEO Mark Karpeles just came on Japanese TV channel Asahi News Network today and publicly apologised for the Gox disaster. According to various translations, Karpeles is "really sorry for causing trouble to all the people concerned... The 750,000 Bitcoins we kept for users, (37,000 million yen), are almost all gone." That's more than $400 million of Bitcoins lost due to what Karpeles describes as "weakness in the system." [youtube http://www.youtube.com/watch?v=NeuCuM9CkBc]. Furthermore, Mt. Gox is officially filing for bankruptcy protection, with an....