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.....
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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 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,....
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....
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....
In a major announcement at a scheduled Mt. Gox creditors meeting today in Tokyo, the court-appointed Trustee in the defunct bitcoin exchange Mt. Gox’s bankruptcy investigation has revealed that all claims to date have been reviewed. Notably, the status of all the claims has also been determined. A press release communicated to CCN by digital currency exchange Kraken which assisted the Tokyo District Court-assigned Trustee Nobuaki Kobayashi read: In a major and long-awaited development, on May 25, 2016, the Trustee announced that all claims to date have been reviewed and that the status of....