Mt. Gox Creditors Seek More Than $22 Billion: Claims Investigation Extended

Mt. Gox Creditors Seek More Than $22 Billion: Claims Investigation Extended

Nearly 25,000 creditors are claiming JPY 2,663,398,225,570 (more than $22 billion USD) from Mt. Gox Co. Ltd., according to bankruptcy trustee attorney Nobuaki Kobayashi. Kobayashi filed a report with the Tokyo District Court, Collegiate Section of the 20th Civil Division. The report summarizes the status of claims against the bankrupt company, along with the status of the investigation into the disappearance of bitcoins from the exchange. The trustee published the report distributed at the fourth credits meeting, according toleaprate.com. Report Lists Assets and Balance Sheet. As of Sept.....


Related News

Creditors Claim $22b against Demised Bitcoin Exchange Mt. Gox

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....

Mt. Gox Delay in Investigation

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,....

Kraken & Tokyo Trustee Announce ‘Significant Progress’ in MtGox Claims Investigation

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....

Creditor Extension Delays Mt. Gox Investigation by 6 Months

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....

MtGox: Deadline for Filing Bankruptcy Extended

The deadline for creditors to file claims against the bankrupt MtGox bitcoin exchange has been extended until July 29, 12:00 JST. On April 22, 2015, the bankruptcy trustee created a system that enabled MtGox users to file claims against the exchange regarding their lost funds. Currently, the bankruptcy trustee is accepting bankruptcy claims filed by users using the system, an online method which the trustee claims to be temporarily unavailable. The period for filing bankruptcy claims was set to end on May 29, 2015, but the bankruptcy trustee has been accepting filings of bankruptcy claims....