MtGox trustee delays investigation of ¥2.66 trillion in claims

By Caroline Salls

Pittsburgh, Sept. 9 – MtGox Co., Ltd.’s bankruptcy trustee reported Wednesday that ¥2,663,398,225,570 in claims had been filed in the company’s bankruptcy case as of Aug. 31, with ¥2,533,517,211,285 attributable to MtGox’s three largest creditors, according to a news release.

The trustee said Sept. 9 was the date set for the investigation of claims, but, because it is still investigating the potential disappearance of bitcoin and currencies and the accurate balance of the account held by each user of the MtGox exchange, the bankruptcy claims have not yet been approved or disapproved.

As a result, the claims investigation date will be extended to the date of the next creditors’ meeting.

According to the release, 202,159.34071488 of bitcoin was managed by the MtGox bankruptcy estate as of Sept. 7.

MtGox is a Tokyo-based online bitcoin exchange operator. The company filed for Chapter 15 bankruptcy on March 9, 2014 in the U.S. Bankruptcy Court for the Northern District of Texas under case number 14-31229.

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