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On Feb. 19, the former CEO of Mt. Gox, Mark Karpeles, gave an interview on the Youtube show “What Bitcoin Did”. In episode 76, Karpeles discussed the platform’s insolvency, Coinlab’s monstrous claim for $16 billion, and Brock Pierce’s attempt to revive the defunct exchange. Also read: Mt Gox Restitution Process Frozen Due to One Man’s … Read more
Death is complicated enough in the cryptosphere when a private investor dies with the private keys to their fortune. But the pain is amplified exponentially should the deceased be the CEO of a digital currency exchange responsible for the safekeeping of millions of dollars. The death of Gerald Cotten, founder and chief executive officer of … Read more
Following protracted legal and financial difficulties, Canadian cryptocurrency exchange QuadrigaCX has filed for creditor protection Go to Source Powered by WPeMatico
The infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. … Read more
Crypto and e-commerce startup Zwoop reportedly filed for administration after suspending its ICO Go to Source Powered by WPeMatico
Mt Gox has published an announcement that its civil rehabilitation and bankruptcy trustee, Nobuaki Kobayashi, has liquidated 25,331 BCH and 24,658 BTC. The trustee is now working on “the preparation of a rehabilitation plan” to repay monetary claims against the defunct exchange. Also Read: Bitcoin Enters the Scrabble Lexicon Mt Gox Publishes Update on Bankruptcy Proceedings The … Read more
This week the trustee in charge of the Mt Gox legal case has announced that corporate customers can now file rehabilitation claims for the October 22 deadline. The news follows the claim process that started for non-corporate customers on August 23. Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules Corporate … Read more
Victims of the Mt. Gox hack can now file rehabilitation claims under a new procedure announced by the trustee of the exchange, Nobuaki Kobayashi. Currently, the system is available only to individual claimants. October 22, 2018 is the filing deadline set by the Tokyo District Court. Also read: Crypto Exchange Rents Pricey HK Offices, UAE … Read more
Mt. Gox, the defunct and disgraced bitcoin exchange (at one time the biggest in the world) is preparing a final chapter in a long, sorted ordeal. Creditors have coalesced around a repayment scheme to make victims whole. It includes what might amount to $1.3 billion in returned bitcoin cash (BCH) and bitcoin core (BTC) as early … Read more
The Mt. Gox Creditor (mtgoxcreditor) posted Commencement of Civil Rehabilitation Proceedings of Mt. Gox today, indicating a victory for creditors long wondering if an attempt would be made at making them financially whole. The Tokyo District Court ordered commencement of civil rehabilitation proceedings, and as such “enormous assets, which were to be distributed to Mt. … Read more
