MtGox trustee secures extension of submission deadline for rehabilitation plan

Maria Nikolova

The Tokyo District Court has issued an order extending the submission deadline for the rehabilitation plan to July 1, 2020.

MtGox’s rehabilitation trustee Nobuaki Kobayashi has secured a Court order shifting the deadline for submitting a rehabilitation plan. In a notice published earlier today, Nobuaki Kobayashi explains that he is currently formulating the rehabilitation plan, but as there are matters that require closer examination with regard to the rehabilitation plan, it has become necessary to extend the submission deadline for the rehabilitation plan.

Given this, the Rehabilitation Trustee filed a motion to seek an extension of the submission deadline of the rehabilitation plan at the Tokyo District Court, and, on March 27, 2020, the Court issued an order to extend the submission deadline for the rehabilitation plan to July 1, 2020.

Let’s recall that, on February 14, 2020, the Tokyo District Court issued an order to set a period for conducting special investigation to examine new proofs of rehabilitation claims and submission deadline for the rehabilitation trustee of the statement of acceptance or rejection for the special investigation.

As FinanceFeeds has reported, the account balance that the Rehabilitation Trustee has secured as of September 24, 2019 is JPY 69,397,600,922, which is about JPY 155,000,000 lower than the balance of JPY 69,553,086,521 reported at the 2nd creditors’ meeting under the Civil Rehabilitation Proceedings that took place on March 20, 2019.

However, among the account balance that has been secured, the Rehabilitation Trustee has established the trust as the measure to secure the interests of bankruptcy creditors and entrusted the amount of JPY 15,894,665,473 (including an amount expected to be appropriated for various expenses of the trust) in the trust.

The amount of BTC held by MtGox as of September 30, 2019 is 141,686.35446516BTC. The Rehabilitation Trustee is still investigating the existence of additional BTC held by the Rehabilitation Debtor (that is, MtGox). The amount of BCH held by the Rehabilitation Debtor as of September 30, 2019 is 142,846.35166254 BCH.

Read this next

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

<