Tagmt gox

Tokyo Bitcoin Trustee Gains Court Extension for Mt Gox Crypto Rehabilitation

Mt Gox, bitcoin, crypto

By CCN.com: The Mt. Gox trustee, who is in charge of distributing what remains of Mt. Gox’s assets to claimants, also known as “creditors,” put in for an extension on the filing deadline, which would have been today. The deadline has been extended about six months, to October 28th. Get your claims in by October 2019 The trustee posted a note to the Mt. Gox website yesterday stating that there are...

Mt. Gox: Legal Advocate Quits, Takes Massive Loss on Bitcoin Claim

mt gox bitcoin exchange

Andy Pag, who founded Mt. Gox Legal, has resigned his position as leader of the group, which represents the majority of the now-defunct Bitcoin exchange's creditors (users who still had funds on the platform at the time of its implosion.) While some reports have said that users could get paid as early as this year, Pag believes that the over-sized claim of startup incubator and one-time Mt. Gox...

Rejected Mt. Gox Victims Get Second Chance to Reclaim Lost Bitcoin

Mt Gox bitcoin

Not everyone who used Mt. Gox or even who lost money on the disgraced bitcoin exchange is entitled to receive anything from the civil rehabilitation plan, a recent document posted to the failed exchange's website reveals. Approved creditors have the right to dispute the claims of other creditors, who in turn have the right to appeal. Japanese law also provides for “self-approved claims,” but...

Where's the Justice? Mt. Gox CEO Escapes Embezzlement Verdict to Appeal Manipulation Charge

Mark Karpeles, Mt Gox

The former chief executive of shuttered bitcoin exchange Mt. Gox is going for the trifecta now that his trial is over. Mark Karpeles got off scot-free on charges of embezzlement and breach of trust. While he was charged with manipulating electronic data on the trading platform, he plans to appeal the conviction, the Associated Press reports. In a blow to victims of what once was once the most...

Mt. Gox Whale Secures 'Rehabilitation Trustee' Balance of $623 Million

Mt Gox bitcoin

MtGox trustee Nobuaki Kobayashi published documents on the MtGox website on Wednesday informing the public about decisions made at the second creditor's meeting. MtGox went under in 2014, after handling 70% of the world's Bitcoin transactions at that time, due to a major security breach which lost $450 million worth of investor funds. The 850,000 BTC would go on to be worth billions. Mt Gox has...

Mt. Gox Mark Karpeles May Avoid Jail Time but Class Action Lawsuits Remain

Mark Karpeles, the former CEO of the defunct bitcoin exchange Mt. Gox, may eventually avoid jail time following the suspended sentence he received from a Tokyo court but his legal troubles are far from over. A Suspended Sentence May Count as a Win for Mark Karpeles but the Lawsuits are Coming Earlier this week, Karpeles failed to have a U.S. class-action lawsuit in which he is a defendant...

Newsflash: Bitcoin Exchange Mt. Gox: Mark Karpeles Receives Suspended Sentence

The Wall Street Journal reports that the verdict is in on Mark Karpeles. He was found guilty on just one charge: producing illegal records. The rest of the charges, including the loss of millions of dollars in Bitcoin, were dropped. Further, he was handed a suspended sentence. Karpeles Beats Most Charges, Receives Suspended Sentence for Producing Illegal Records In the US justice system, at...

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