The Mt. Gox tragedy continues along its slow and dreary trail. Some 24,000 creditors are awaiting any kind of announcement that a possible distribution of recovered proceeds could occur in the not too distant future. The bankruptcy trustee has recovered $400 million by selling remaining Bitcoins during the 2017 to 2018 time period, but the…
Read moreThe Trustee of defunct Japanese Bitcoin exchange MTGOX today published a notice regarding a planned release of the list of bitcoin addresses controlled by the debtor (that is, the bankrupt exchange). At the last creditors meeting, the trustee said he has been arranging for the release of a list of bitcoin addresses controlled by the…
Read moreThe Trustee of now defunct Japanese Bitcoin exchange MTGOX today published the report distributed at the fifth creditors’ meeting. In the report, the Trustee provides information on the current status of claims filed against the company, as well as the ongoing investigations into the disappearance of Bitcoins from the Exchange. Putting it briefly, the amount…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] In February of 2014, MtGox, the first and largest Bitcoin exchange, filed for bankruptcy. At the time of the bankruptcy it held over $400 million in client funds. At that time MtGox CEO Mark Karpeles declared that…
Read moreAs of August 31, 2015, the total amount of the bankruptcy claims filed is JPY 2.66 trillion (USD 22.09 billion), of which JPY 2.53 trillion is due to the three largest creditors.
Read moreThe deadline for filing the so-called “bankruptcy claims” against the notorious Bitcoin exchange expired at noon (Japan time) today.
Read moreThe bankruptcy trustee has set noon July 29, 2015 as the new deadline for filing compensation claims against MTGOX.
Read more"How, in what sense, was MtGox the focus of fringe investors and mavericks? Which exchanges are fully regulated (licensed)? How would we know whether an exchange is highly secure? Bitstamp was just hacked and other exchanges have not performed audits. I don’t agree that there has been a rapid change" - Jesse Powell, CEO, Kraken
Read moreWith the support if Kraken Bitcoin exchange, MtGox's bankruptcy trustee has created a system that will enable users to file, through a website, bankruptcy claims against MtGox regarding Bitcoin and cash
Read moreIn February 2014, Japanese Bitcoin exchange MtGox went bankrupt after 750,000 Bitcoins went missing from secure wallets. Almost one year later, MtGox's parent company Tibanne has now become bankrupt, with confirmation having been issued by attorney and bankruptcy trustee Nobuaki Kobayashi
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