Payward Inc, operator of the Kraken bitcoin exchange, will help the collapsed Mt. Gox exchange investigate the loss of hundreds of thousands of bitcoins and manage the process of paying back its creditors.
CoinLab announced it would support Mt. Gox’s bankruptcy filing.
The group of U.S. investors seeking to buy and revive Mt. Gox has pulled another unexpected tactical move aimed at blocking liquidation of the failed bitcoin exchange and instead getting a rehabilitation plan accepted by the Japanese bankruptcy court.
Tokyo Court ordered liquidation of bitcoin exchange Mt Gox after the firm collapsed in February.
Defunct Bitcoin exchange Mt. Gox has asked a Tokyo court for permission to be liquidated, according to the Wall Street Journal, apparently abandoning plans to rebuild under bankruptcy protection.
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.
A group of investors is seeking to buy bankrupt bitcoin exchange Mt. Gox for a token payment of one bitcoin, or about $400, the Wall Street Journal reported citing sources.
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.