Mt. Gox Announces Commencement of Bankruptcy Proceedings
Mt. Gox has announced the commencement of bankruptcy proceedings in Japan. Attorney at law Nobuaki Kobayashi has been appointed as the bankruptcy trustee. The troubled bitcoin exchange filed for liquidation in a Tokyo court earlier this month, dropping its plans for civil rehabilitation. There was still some hope that outside investors could muscle in and save the exchange from liquidation, but the deal never materialised. Impact on customers still unclear. Bankruptcy trustee Kobayashi issued a brief statement on Thursday, stating that he has the exclusive power to administer and dispose....
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This document on the Mt. Gox website announces the Tokyo court ruling, ordering bankruptcy proceedings for the exchange. The Mt. Gox website got updated with a new document. The Tokyo District Court ordered liquidation to begin at the failed Bitcoin exchange. This definitive order follows an earlier announcement made last week, where the bankruptcy administrator said it would be difficult to get Mt. Gox started again. "At 5 p.m. on April 24, 2014, the Tokyo District Court issued an order of commencement of the bankruptcy proceedings for MtGox Co., Ltd. (the "Company") (Case No.: Heisei....
In a note made public on Thursday, attorney-at-law Nobuaki Kobayashi announced on behalf of disgraced bitcoin exchange Mt. Gox that At 5 p.m. on April 24, 2014, the Tokyo District Court issued an order of commencement of; the bankruptcy proceedings for MtGox. Kobayashi has been appointed as the bankruptcy trustee and will be responsible to administer and dispose company assets. The move comes following the company's initial plan to carry through with civil rehabilitation, which was canceled due to complexities in communicating with the exchange's numerous creditors around the world. This....
Bye-bye Gox and hello BTC debit cards! Not entirely sure what I'm talking about? Take a look at this week's news roundup to get up to speed with the latest developments in the world of digital currency. Mt. Gox announces commencement of bankruptcy proceedings: This week we bid our final goodbye to Mt. Gox as a company when bankruptcy proceedings were announced in Japan. The troubled bitcoin exchange officially filed for liquidation last week. A group of investors made a last ditch attempt earlier this week to stop the company from being liquidated, but a deal didn't materialize. Jeff....
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....
The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours. The recent tensions between the two major crypto exchanges FTX and Binance, which was accompanied by a massive selloff of FTX Token (FTT), resulted in the collapse of roughly 130 companies linked to FTX Group — including FTX Trading, FTX US, West Realm Shires Services, and Alameda Research. Following the resignation of FTX CEO Sam Bankman-Fried and the revelation of the company’s intent to file for....