MtGox trustee: Bitcoin search ongoing; claim date postponement needed

By Caroline Salls

Pittsburgh, July 23 – MtGox Co., Ltd.’s bankruptcy trustee said Wednesday that the investigation into the disappearance and status of company bitcoin holdings is ongoing, and the deadline for filing proofs of claim in the company’s bankruptcy case should be postponed beyond the current Nov. 28 deadline, according to a report released by trustee Nobuaki Kobayashi.

Kobayashi said the investigation completion date is not known at this time. The trustee said it is expected to take a few months to determine the best method for filing proofs of claim in MtGox’s case.

In addition, the trustee said he is searching for a company to assume MtGox’s business. Kobayahsi said several companies have shown interest in the business, and the selection process is continuing.

According to the report, MtGox has 779.18 million in assets and 8,732,190,301 in debt.

MtGox is a Tokyo-based online bitcoin exchange operator. The company filed Chapter 15 bankruptcy on March 9 in the U.S. Bankruptcy Court for the Northern District of Texas under case number 14-31229.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.