Trustee of Collapsed Exchange Moves to Resolve Crypto vs. Fiat Creditor Claim...
Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX.
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So, I have spent the last few days at the Kraken headquarters in San Francisco with the legendary Jesse Powell, who I interviewed for the Bitcoin Knowledge Podcast, and the rest of the team and there is some very exciting news about the $500m MtGox bankruptcy. We discussed some of the logistics during the interview but there is even more actionable stuff, as discussed in the trustee letter, you can do today to claim your money! Kraken Now Accepts MtGox Creditor Claims Through Website, Offers Free Trades. SAN FRANCISCO, CALIF. - APRIL 21, 2015 - Kraken, a San Francisco-based Bitcoin....
A years-old $75 million lawsuit against Mt Gox by U.S. company CoinLab is delaying payouts to creditors, the Japanese bankruptcy trustee revealed today. Back to Tokyo Bankruptcy Court. In the latest creditors’ meeting at Tokyo District Court, bankruptcy trustee Nobuaki Kobayashi confirmed the suit remains active. U.S. company CoinLab filed the suit in....
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....
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....
The bankruptcy trustee for the now-defunct bitcoin exchange Mt Gox has released a new update, offering fresh details on the claims submitted so far. The report, published today by trustee Nobuaki Kobayashi, states that a total of 24,733 people have filed claims against the bankrupt exchange, 9,863 of which relate to bitcoin holdings lost when Mt Gox went bust in 2014. The firm filed for bankruptcy just days after details of its insolvency first emerged, with the claims process beginning last spring. Kobayashi would later extend that deadline. According to the report, creditors claimed....