Give up hope all ye who enter MtGox, or whatever is left of the bankrupt bitcoin exchange that is “missing” hundreds of millions of dollars worth of customer deposits. According to reports on Wednesday, MtGox asked a Tokyo bankruptcy court to convert the proceedings from a restructuring process to an outright liquidation, which further lessens the chance that its 127,000 creditors will obtain any meaningful recovery. Meanwhile, filings in Texas bankruptcy court cite an exchange between the judge and MtGox lawyers, who say they are trying to recover a seized $5 million from the Department of Homeland Security — but are not optimistic: Mt.
Mtgox Tries To Recover $5m From Homeland Security, Moves To Liquidate
Jeff John Roberts, GigaOM
Wed, 04/16/2014 - 7:15am
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