Mt. Gox Investigation of Claims Begins February 2015
On Thursday morning, disgraced bitcoin exchange Mt. Gox posted a document to their website. Therein, information with regard to bankruptcy proceedings. The company has updated their website with additional information in the form of a second document (also dated the 24th of April). This document, entitled "Bankruptcy proceedings written decision" sheds some light on what investors can expect to see in the months ahead. These, of course, are the same investors who lost hundreds of million of dollars worth of bitcoin due to the company's negligence. For starters, the document reaffirms that....
Related News
Mt Gox document confirms bankruptcy ruling. A six-month extension has been added to the bankruptcy case against Mt. Gox. This extension gives creditors a six-month extension to register claims against the firm and will push the investigation into the exchange out by six-months. The previous deadline for filing claims was November 28th and investigation findings due the February 25th 2015. This extension allows creditors until May 29th of 2015 to file and investigation findings to be delivered on September 9th 2015. An email was sent to all users with Mt. Gox accounts reading: "On July 24,....
The Japanese bankruptcy trustee handling the Mt. Gox case has announced a six-month extension for creditors to register claims. Nobuaki Kobayashi's decision also means there will be an additional six months before any formal investigation into the bankrupt exchange is completed. An email sent to those with Mt. Gox accounts read: "On July 24, 2014, the Tokyo District Court 20th Civil Division issued an order to change the period for filing proofs of claims and the date for investigation of claims as follows (please refer to the attached file). Detailed information for the filing of proofs....
The bankruptcy claims against the defunct Bitcoin exchange Mt. Gox has found to be six times the market cap of Bitcoin itself. According to a document published on Mt. Gox's official website, the amount of all the bankruptcy claims filed by over 24,000 creditors is found to be ¥2.66 trillion (around $22.09 billion at press time). Interestingly, the bankruptcy claims filed by the top three creditors alone make 95% of the total claims. The official document further recognizes the trolling capabilities of the said claims, stating that the Mt. Gox trustees are still investigating each case to....
It's been a long time coming, but Mt. Gox customers who lost their funds can finally make claims against the exchange, which filed for bankruptcy in February of 2014. According to the Notice of Commencement of Filing of Bankruptcy Claims issued on April 22, 2015, by bankruptcy trustee Nobuaki Kobayashi, users can register their claims online under certain conditions or by mail. Customers can choose to file the Exchange-Related Bankruptcy Claim online form via the Kraken Bitcoin Exchange system or through the bankruptcy trustee's own system on the MtGox website. In order to file through....
Bitcoin exchange Kraken and the Tokyo District Court-assigned Trustee assigned to the MtGox creditors’ claims investigation have revealed that there is “significant progress” being made, in an update today. In an email communicated to CCN today, an update from Kraken and Tokyo District Court-assigned Trustee Nobuaki Kobayashi confirms that “significant progress” has been made into the investigation into claims from creditors of MtGox. Trustee Kobayashi stated: Although the investigation into MtGox claims is still ongoing, we have made significant progress for creditors. The Court-appointed....