The Mt. Gox trustee has disclosed some more details on the company’s rehabilitation process and confirmed the sale of over $230 million worth of crypto.
Once again unlucky CEO of the despoiled exchange got under the fire as his former U.S. customers brought on a fraud lawsuit to the federal judge in the state of Illinois.
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.
Kelly believes that the current developments in the cryptocurrency market might give a short-term pain but will prove to be fruitful in the long-run.
The victims of Mt.Gox multimillion heist has finally won the battel for their faded funds, as the Tokyo District Court approved a petition to commence civil rehabilitation proceedings.
The major cyrptocurrencies experienced a decline yesterday, following another major Mt. Gox selloff and a recent raid on the Korean crypto exchange UPbit.
Paybis cryptocurrency exchange is trying to stand out from the hundreds of others by offering volume discounts and broad options for buying with fiats.
Speculations are that Mt. Gox trustee Nobuaki Kobayashi is selling more BTC tokens in order to compensate its creditors.
Kobayashi said that the bankruptcy estate has still $1.8 billion reserves which he will be selling after proper consultation with the court to reimburse the creditors.