Bitcoin exchange Mt. Gox allegedly spent money from its clients’ deposits on operating expenses including extravagances as early as 2 years before it went bankrupt, according to three people who participated in the discussion.
According to the lawyer of Alexander Vinnik, an alleged Bitcoin launderer, questioned by French investigators, the charges are ‘trumped up’.
The victims of infamous cyber attack on the Mt.Gox exchange are eligible to file proof of their claims in a newly-approved rehabilitation process.
The leading crypto exchange lost its status in February 2014 and turned into a bankrupt because of the 744,000 Bitcoin theft. The creditors do not lose hope to get their money back. The petition to reclaim the lost funds was started in November 2017, but the first repayments are expected in summer 2019.
Mt. Gox attorneys say in a court filing that Mark Karpeles is unwilling to travel to the US to address questions regarding the exchange’s closure.
Bitcoin exchange Mt. Gox allegedly spent money from its clients’ deposits on operating expenses including extravagances as early as 2 years before it went bankrupt, according to three people who participated in the discussion.