Three Mt. Gox creditors demand $21 billion in damages

Nearly 25,000 Mt. Gox creditors are seeking 2,663,398,225,570 yen (more than $22 billion), according to a report filed by Nobuaki Kobayashi, the bankruptcy attorney for the bitcoin exchange, with the Tokyo District Court that summarizes the bankrupt company’s current status.

On September 8, 2015, the Mt. Gox bankruptcy trustee calculated that the remaining assets of Mt. Gox totaled 1,242,068,375 yen, a decrease of 130 million yen compared to the data obtained at the third creditors' meeting. The bankruptcy declaration mentioned that the list of assets and balance sheets does not include Bitcoin held by the bankrupt entity or Bitcoin claimed to be returned.

“I will continue to collect assets as much as possible,” Kobayashi noted in the report.

It is reported that the number of Mt. Gox bitcoins currently held by Nobuaki Kobayashi is 202,159.34071488 BTC.

He said:

“At present, I am still investigating the existence of Bitcoin in the bankrupt entity data. Once new Bitcoins are found, I will move them to the addresses I manage and I will keep these Bitcoins.”

Three creditors seek $21 billion in damages

According to the report, Kobayashi said that as of August 2015, a total of 24704 Mt. Gox creditors had submitted claims. The total amount of claims was 2,663,398,225,570 yen, of which the three largest creditors requested a total 2,533,517,211,285 yen (Note: These are unconfirmed claims and may be false. The current market value of Bitcoin is $3 billion, but these three creditors claim to be claiming about $ 210亿).

It is reported that September 9 was originally the day for reviewing these claims. However, Kobayashi said that he is still investigating the missing bitcoins and has not approved or disagreed with any of the claims. Therefore, he postponed the review date to the next creditors' meeting. In addition, Kobayashi is also investigating the account balances held by each Mt. Gox user.

Kobayashi said he was assigned to Deloitte and ReEx to conduct the investigation, and he also received assistance from Payward.

The report identified the following entities as bankrupt: TIBANNE Ltd., KK Shade 3D, KK Bitcoin Coffee Co., and Robert Marie Mark Karpeles Co.

The report also pointed out that the distribution, timing and method of the debt have not yet been determined.

“Because a large part of the creditors are from all over the world, I am considering whether to distribute the bankruptcy compensation by distributing BTC. I plan to disclose the creditor-related information on the website I manage (https://www.mtgox.com) from time to time.
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