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It seems that most victims of the MtGox collapse will have to wait much longer for the resolution of their claims. According to a report to the Tokyo District Court, publicly released today by MtGox bankruptcy trustee Nobuaki Kobayashi, it seems only a sliver of claims have been dealt with so far.
Once the world’s largest bitcoin exchange, MtGox went bankrupt in February 2014 when it reported the disappearance of 850,000 bitcoins in a cyber attack, worth over $450 million at the time. Last year, the former CEO of the firm Mark Karpeles was arrested by the Tokyo Metropolitan Police department and hit with allegations that he misappropriated more ... (read more)