Categories: Bitcoin Entertainment

Mt. Gox Creditors Hopeful to Recover Some Bitcoins

Click here to view original web page at www.forexminute.com

ForexMinute.com – Bankruptcy trustee Nobuaki Kobayashi recently submitted a report to the Tokyo District Court, in which he claimed to have recovered 202,149 Bitcoins that were lost during the Mt. Gox debacle.

The report also mentioned US-based exchange Kraken to have appointed as a “supporting company” following a legal procedure in Japan, known as “minji saisei” which allows courts to the buyer and creditors of the bankrupted company. It simply means that Kraken will now be facilitating creditors in recovering their investments, with an additional 202,149 Bitcoins that have been just recovered.

Mt. Gox, once the world’s leading Bitcoin exchange, originally lost around $250,000,000 worth of Bitcoin units in an online theft, followed by with 100,000 Bitcoins of its own. The exchange’s early creditors, since then, are fighting a legal battle against the CEO Mark Karpeles to recover their respective amounts.

To sum up, around 127,000 creditors are now hopeful to be repaid around 744,000 missing Bitcoins, some of which were found earlier this year from Mt. Gox cold wallets. “Provided the trustee decides to distribute Bitcoin, creditors may be asked to create a Kraken account, if they do not already have one, to establish a secure, efficient and cost-effective platform for the distribution,” Kraken said in a press statement today.

In the same statement, Kraken chief executive Jesse Powell displayed his concerns about the outcomes of the Mt. Gox bankruptcy proceeding which, in his words, will “deeply affect the Bitcoin community as a whole.”

We will keep you informed about the events related to this news in future. Keep watching our space.

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com

The report also mentioned US-based exchange Kraken to have appointed as a “supporting company” following a legal procedure in Japan, known as “minji saisei” which allows courts to the buyer and creditors of the bankrupted company. It simply means that Kraken will now […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: onepress

Recent Posts

Ripple Gives One Billion XRP to Former CTO Startup, Plus Paying For Publicity

Ripple Labs, the company behind XRP, has given for free some 1 billion XRP, worth $270 million, to a company… Read More

3 hours ago

54% of Bitcoin Volume on “Lower Quality Exchanges”: Report

The vast majority of the world’s cryptocurrency trading volume is in the hands of “lower quality exchanges”, while the world’s… Read More

3 hours ago

Bitcoin is Used more by Civilians than Some Bankers, Lawmakers or Terrorists

In many countries, including Palestine and the entire world at large, Bitcoin is used more by civilians than some bankers… Read More

3 hours ago

Billionaire Investor Tim Draper Claims Bitcoin Prices Will Hike Upto $250,000 By 2022

Very rich person Investor Tim Draper Claims Bitcoin Prices Will Hike up to $250,000 by 2022Bitcoin (BTC) may proceed to… Read More

3 hours ago

Bitcoin (BTC) mining giant Bitmain firm announces purchasing more crypto mining chips that subject to a potential profit of $1.2 billion

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

3 hours ago

Squeaky-Clean Apple Is Quietly Pummeling Its FAANG Stock Buddies

Apple stock is brushing off a decline in iPhone sales while continuing to make gains in 2019. | Source: REUTERS/Joshua… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More