Mt. Gox trustee has finished processing rehabilitation claims
- Nobuaki Kobayashi was appointed to act as civil rehabilitation trustee to manage Mt. Gox’s bankruptcy estate fund.
- The exchange’s balance as of March 20, was 69,553,086,521 Japanese yen ($629,594,540) in cash.
Mt. Gox’s trustee, Nobuaki Kobayashi has concluded the processing of creditors’ rehabilitation claims. Kobayashi announced:
“On March 15, 2019, the Rehabilitation Trustee approved or disapproved rehabilitation claims regarding MTGOX Bitcoin exchange users’ rights to make claims against MTGOX for return of cryptocurrency and/or cash [...] and submitted to the Tokyo District Court a statement of approval or disapproval.”
Kobayashi also shared that the balance of the exchange, as of March 20, was 69,553,086,521 Japanese yen ($629,594,540) in cash. The trustee’s statement added:
“However, among the account balance that has been secured, the Rehabilitation Trustee has established the trust as the measure to secure the interests of bankruptcy creditors and entrusted the amount of JPY 15,894,588,396 [$143,881,490] (including an amount expected to be appropriated for various expenses of the trust) in the trust.”
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
