Mt Gox Customers to receive Bankruptcy Distributions in Bitcoin
Mt Gox customers can now receive bankruptcy distributions in Bitcoin, among several other benefits by becoming a user of the cryptocurrency exchange Kraken. According to the San Francisco-based Bitcoin exchange's official blog post, Kraken has begun the process of accepting Mt Gox creditor claims and is offering up to $1 million in free trade volume per creditor as a bonus for claiming funds through Kraken. With the support of Kraken, the Mt Gox's trustee has been able to create a system which will enable customers to file bankruptcy claims and receive compensation via a smooth and simple....
Related News
Those who lost money in the Mt. Gox implosion and would like to get some or all of it back have been given an extension to file their claim with the failed exchange's bankruptcy advocate. It is unclear what effect making a bankruptcy claim through the online method will have for customers who are seeking to recover funds. For one thing, the agreement on the "online portal" option prohibits users from seeking further legal action if they receive "any funds." If I/we choose to receive a distribution in cash by payment into an account at a financial institution, I/we will not make any claim,....
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....
The history of Bitcoin is still plagued by the Mt. Gox collapse. After allegedly losing several hundreds of millions of dollars in Bitcoin due to a hack, the exchange was forced to halt its services. A lot of people around the world have been affected by this debacle, and quite a few of them took the matter to court. As a result, it is now possible to file a claim for lost funds, in the hopes of retrieving your money. The Mt. Gox Post-Bankruptcy Proceedings. It has been a long time in the making, but there might be a small light at the end of the tunnel for people who suffered financial....
Mt Gox customers can now formally make a claim against the defunct exchange, with the potential to receive their payout in bitcoin. The process is being overseen by exchange Kraken, appointed to assist Mt Gox's bankruptcy trustee Nobuaki Kobayashi last November. According to instructions posted on the Mt Gox homepage, account holders have until 29th May (Japan time) to fill out forms directly from the site, or open an account with Kraken and begin from there. The online claims process is available as the large majority of Mt Gox's 100,000 creditors live outside Japan, enabling them to....
Mt Gox, the failed Bitcoin exchange, based in Tokyo, that has been granted bankruptcy protection in the US. Tom Hals, writing for Reuters, "the World's leading source of intelligent information," reported yesterday that Mt. Gox had successfully applied for, and been granted, bankruptcy protection. The failed exchange will now attempt to initiate full Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U. S. customers and a sale of its business. Mt Gox was once the world's leading exchange for trading the digital currency, but shut its website....