The 4th creditors meeting in Tokyo for the Mt. Gox bankruptcy case wrapped up today with a staggering report of claims. 2,663,398,225,570 JPY which is roughly worth 22 billion dollars was claimed in the report by creditors. The report came from the Tokyo District Court, Collegiate Section of the 20th Civil Division. Breakdowns of the numbers in Bitcoins and cash were not disclosed, the trustee is reviewing the content to determine the claim validity.
Also Read: Deadline for Filing MTGox Bankruptcy Claims Extended
Today the administration of the bankruptcy held its meeting and gave out formal reports. Kraken and the Mt. Gox website have offered the necessary steps to follow to make a claim and try to recover losses. After all the bankruptcy claims were established a September date was announced for the bankruptcy committee to review and distribution of funds can begin.
The administrator of the creditors meeting Mr. Kobayashi said the amount claimed was unexpected, but also reiterated that the act of filing does not equal to his approval. He may disapprove the amount claimed by large three as he did with the claims of other two big creditors, Coin Lab and Tibanne in the amount of JPY5,600,000,000 and JPY4,400,000,000 respectively. Kobayashi stated in the pdf report:
“I continue to strive for the possible collection of assets,” — Nobuaki Kobayashi
One must wonder how three creditors can claim billions of dollars to this bureau. The total amount of 22 billion seems a bit ludicrous, but the case of Mt. Gox has been the whole time. Bitcoin.com will be following the story as it develops and will inform our readers if we find anything new.
What do you think of the 22 billion dollar bankruptcy claim? Let us know in the comments below.
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