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Mt. Gox Creditors to Receive Repayments Soon, Trustee Plans Distribution of BTC, BCH, and Yen
22.11.2023
Source: AdobeStock / 24K-Production Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, has initiated communication with rehabilitation creditors, indicating the imminent start of repayments. This development follows the notorious 2014 hack that resulted in...
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
Mt Gox Saga Nears End of the Road — Creditors Required to Register With Exchanges, Bitstamp Selected by Trustee
8.10.2022
Mt Gox creditors have been issued new information concerning their claims and it seems they now have until January 10, 2023 (Japan time) to register for a repayment method. The latest notice says that any creditors that wish to receive payment, must finish the “selection...
Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’
2.9.2022
On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week...
$9 Billion in Bitcoin: Court Trustee Says Mt Gox Rehabilitation Plan ‘Final and Binding’
17.11.2021
Mt Gox claimants may see restitution soon as a recent filing from the Tokyo District Court’s trustee Nobuaki Kobayashi explains that the rehabilitation plan is now “final and binding.” The document published on Tuesday notes that an announcement will follow that discloses...
Mt Gox Claimants Have Until October to Vote on Trustee’s Rehabilitation Proposal
1.6.2021
Nobuaki Kobayashi, the trustee that’s overseeing the Mt Gox civil rehabilitation proceedings, has published a proposal so Mt Gox claimants can vote in order to get reimbursed. The voting process will end on October 8 and more than 50% of the votes will be needed to solidify the settlement...
Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by Coinlab
16.1.2021
On January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held...
New Online System at Mt. Gox May Be Used to Facilitate Bitcoin Refunds to Creditors, Says Trustee
8.1.2021
Mt. Gox’s trustee, Nobuaki Kobayashi, has asked creditors of the defunct crypto exchange to register on a new online system so that they might receive their refunds and be able to vote on the civil rehabilitation plan. ● In a statement released Jan. 7, Kobayashi said the registration...
Mt. Gox Trustee Submits Rehabilitation Plan — Creditors May Soon Be Repaid 150,000 Bitcoins
16.12.2020
Mt. Gox trustee Nobuaki Kobayashi has finally submitted a draft rehabilitation plan to a Japanese court — meaning former users of the long-defunct crypto exchange may now look forward to getting paid someday. Kobayashi, the Japanese bankruptcy lawyer appointed to oversee the repayment...
Mt Gox Rehabilitation Plan Delayed Again to December 15
15.10.2020
The submission deadline for the Mt Gox civil rehabilitation plan has been extended once again, this time to December 15. The deadline has been pushed back at least three times before, including in the latest case, where submission was scheduled for October 15. Mt Gox’s rehabilitation trustee...
Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors
22.5.2020
Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment...
Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin
21.12.2019
According to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners...