Mt. Gox trustee failed to set a date for repayment but gave creditors until September 15 to transfer claims—those who bought these claims could make 10x in ROI.
In the latest update, the Mt. Gox trustee told creditors that after September 15, he will “cease accepting applications for claim transfer procedures.”
In July 2022, the Mt. Gox trustee posted an update that the trustee is “preparing to make repayments” in “accordance with the approved rehabilitation plan.”
Kraken was founded in 2011 by Jesse Powell while visiting his friend Roger Ver in Tokyo to deal with the aftermath of an early security breach at Mt. Gox exchange.
Former CEO Mark Karpeles tweeted that a "commemorative NFT" would be available to anyone who could prove they were a Mt. Gox customer before it went out of business in 2014.
"Bring down the banks" has become a mantra in some corners of the industry, but what few talk about is just how many security breaches really happen in the industry and how unsuitable the sector is to replace traditional banking.
The Mt. Gox trustee has announced in a letter that the rehabilitation plan he filed in Tokyo court last February is now final and binding.
The trustee for the defunct Mt. Gox exchange has confirmed that creditors approved the plan that will eventually see over $9B paid out in the long-running digital currency saga.
It doesn’t really matter what exchange wallet that you might be keeping your BSV on today because one of the things that came from the fallout of the Mt. Gox collapse was the rise of custodians.
The U.S. judge said that ruling otherwise would result in 30,000 individual trials, following the logic of the former CEO Karpeles in suggesting the claim would be better heard in Japan.
In a “Notice of Release of Online Voting Function,” the court-appointed trustee Nobuaki Kobayashi has invited creditors to consider and vote for the plan, should it meet their approval.