Mark Karpeles, the former chief executive officer of now-defunct Bitcoin exchange Mt. Gox, faces ten years in jail over alleged embezzlement, Japanese media report on Wednesday, December 12.
Nobuaki Kobayashi, the civil rehabilitation and bankruptcy trustee of the now defunct bitcoin exchange Mt. Gox has announced a set of measures aiming to secure the interests of bankruptcy creditors, including the sale of large amounts of cryptocurrency for fiat money.
According to a press release posted on the infamous Bitcoin exchange Mt. Gox website, an online claim filing system has been opened allowing its creditors to begin registering claims on the funds that they lost when the exchange became insolvent in 2014.
The past week or so has been quite remarkable considering significant price differences at various bitcoin exchanges. It is most noticeable in case of Bitfinex, where Bitcoin is still trading at significant premium. At times, the spread reached $110.
Global digital asset exchange Kraken shared major news from Tokyo’s court-appointed trustee in the investigation of claims from MtGox creditors.
Kraken, a cryptocurrency exchange assisting the trustee for MtGox collapse investigation, has released a statement on his behalf, noting that reviewing of claims from the defunct exchange’s customers has made a significant progress. MtGox halted operations in February 2014, when then-CEO Mark Karpeles stated the exchange had suffered from a hacker attack resulting in theft […]
Digital currency exchange Cryptsy, which has been known for continuing problems with withdrawal of funds, has stated it suspended the exchange’s trade engine on January 5, 2016. Lots of the company’s customers have complained the exchange fails to provide proper withdrawal of their assets, if it provides any. Technical issues seem to be inherent in […]
A dedicated working group at Japan’s Financial System Council is said to have prepared a draft proposal as to providing regulation framework for digital currency.