Mt. Gox abandons civil rehabilitation procedure, calls for liquidation
Mt. Gox CEO Mark Karpeles made a press release today. The failed exchange abandoned the civil rehabilitation procedure and will likely file for liquidation. It seems Mt. Gox has stepped away from its plans to rebuild the exchange under bankruptcy protection. According to The Wall Street Journal, the failed exchange has asked a Tokyo court to allow it to be liquidated. The newspaper cites sources 'familiar with the situation', so absolute certainty cannot be obtained regarding this message. Press release. The people that Wall Street Journal refers to cited the complexity of the....
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Embattled exchange Mt. Gox has a simple sign-in option on its website now with an invitation to “see your wallet(s) balance.” From the site: “Important announcement to all users confirming their account This balance confirmation service is provided on this site only for the convenience of all users. Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure and note that the balance amounts shown on this site should also not be considered an acknowledgment by MtGox Co., Ltd. of the amount of any....
Mt. Gox's landing page, with log-in access. Early in the morning Japan time, Tuesday, MtGox.com suddenly began allowing former users to log in to their accounts in order to check their wallet balances. Without warning, the following message appeared on the website, below two input boxes: Important announcement to all users confirming their account. This balance confirmation service is provided on this site only for the convenience of all users. Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation....
Troubled exchange Mt. Gox, which filed for bankruptcy protection last week, has posted a new update on their website regarding the commencement of civil rehabilitation proceedings: ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION. An overview of the situation should be published here shortly (probably on March 3, 2014 (Japan time)). Contact information. A call center has been established to respond to all inquiries. The call center is planned to start on March 3, 2014. All inquiries to MtGox Co., Ltd. should be made to the following telephone....
Nobuaki Kobayashi, the trustee that’s overseeing the Mt Gox civil rehabilitation proceedings, has published a proposal so Mt Gox claimants can vote in order to get reimbursed. The voting process will end on October 8 and more than 50% of the votes will be needed to solidify the settlement plan. Mt Gox Civil Rehabilitation Voting Process Begins Victims of the infamous Mt Gox breach may get a chance to get some funds after all of these years. That’s if the Tokyo-based bankruptcy official Nobuaki Kobayashi’s proposal passes by majority vote. Those who don’t vote will....
Mt. Gox today filed for liquidation in a Tokyo court, abandoning its plans for civil rehabilitation and giving its creditors even less hope of recouping their losses, according to a Wall Street Journal report. The filing is one step further than the bankruptcy protection the failed bitcoin exchange had applied for on 28th February. The difficulty of the procedure was cited as a reason, together with dwindling hopes of a resurrection. The filing document, posted on Mt. Gox's website, said: "During the following 1 month and a half, an investigation has proceeded with regard to the past....