Mt. Gox CEO Apologizes to Creditors For Exchange Collapse
The well-known and highly-disliked CEO of the collapse bitcoin exchange wants creditors to be aware that he's sorry for his poor leadership of Mt. Gox. Speaking to The Asahi Shimbun paper, Karpeles stated that he's working hard to repay creditors who lost hundreds of millions of dollars collectively in late February. 'I am truly sorry to the creditors around the world,' Karpeles said. 'I wish I'd steered [Mt. Gox] in a better direction.' The exchange for which Karpeles was responsible was the oldest and then-largest bitcoin exchange in the world. Mt. Gox prices were often seen as the de....
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Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became "final and binding." Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin.According to a Wednesday announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of the creditors affected by the collapse of the Japan-based crypto exchange approved of the draft rehabilitation plan originally filed in the Tokyo District Court in February. In addition, he....
Amid the Celsius bankruptcy plan in which creditors are to decide the next step, creditors of the crypto lender have voted in favor of a reimbursement plan – a vote that involves the sale of Celsius assets to a consortium. Creditors Decide Next Steps For The Crypto Firm On Monday, September 25, 2023, creditors of […]
On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors.
Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown
Last week speculation and rumors concerning the release of 140K bitcoin (BTC) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “fake news.” During that same period....
A number of users once a part of the Mt. Gox exchange have reported received email message from Mt. Gox with an "Announcement of Commencement of Bankruptcy Proceedings." This aligns with an update dated 21 May posted on the Mt. Gox website, which sheds some light on some upcoming dates with regard to the liquidation process. For starters, November 28th, 2014 has been listed as the cut-off date for filing proof of bankruptcy claims. Separately, July 23rd, 2014 (1:30 PM local time) will mark the meeting for the reporting on the status of assets. That takes place at the Tokyo District....
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....