MT Gox Creditors Call for Transparency and Trustee Resignation
The MT Gox saga is quickly becoming a distant memory, but as a second creditors meeting nears, voices are being raised and calls for resignations are starting to be made as creditors begin to lose patience. At the heart of the mystery is the alleged disappearance of - initially - 850,000 bitcoins. In an intriguing twists of events, only 10 days after declaring bankruptcy, MT Gox mysteriously found 200,000 bitcoins in an old format wallet, still leaving a huge black whole of hundreds of millions of dollars in unaccounted bitcoins to the tune of 650,000. Even more mysteriously, approximately....
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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....
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm mandated with administering Quadriga’s liquidation process, says it will not be able to reimburse in full all the claims. Disproportionate Claims As shown in one report, the trustee says it “received completed claim forms from 17,053 creditors of the exchange while a total of 42,957 claims....
Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users. See also: Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal
Mt. Gox’s trustee, Nobuaki Kobayashi, has asked creditors of the defunct crypto exchange to register on a new online system so that they might receive their refunds and be able to vote on the civil rehabilitation plan. ● In a statement released Jan. 7, Kobayashi said the registration targets those creditors who have already filed claims but have been unable to log in to the old Mt.Gox online system. ● Users can register on the new system using the creditor numbers they received in the past, he said. Registration must be completed by March 31, 2021. The trustee is also....
Let's go ahead an file this in the "make what you will of it" cabinet. If you've been following the Mt. Gox debacle, you're probably already aware of a website called GOXDOX.org, whose main goal is to "[call] bullshit on behalf of [Mt. Gox] creditors." The site has thus far been a reliable hub for news related to the ongoing bankruptcy case of the failed bitcoin exchange, and a post published on Tuesday claims that Mt. Gox's bankruptcy trustee has paid out large sums of money to Tibanne K. K., Mt. Gox's parent company run by Mark Karpeles. GOXDOX writes: Straight from the Trustee's bank....