Nobuaki Kobayashi – The trustee of the renowned ill-famed Japanese Bitcoin [BTC] exchange named ‘Mt. Gox’, has recently ‘declared‘ that all the creditors who had earlier filed rehabilitation claims, have received decisions.
Earlier in March this year, Kobayashi had ‘declared‘ that the process of filings had finished. As per the newly revealed paper named “Questions & Answers associating to Approval or Disapproval,” the decisions have already been sent to users’ mails.
The document offers detailed guidelines for the applicants that had antecedently filed rehabilitation claims. Just in case one disagrees with the decision, an app for the assessment of the claim could be filed within the court.
Kobayashi additionally warns that the timing and methodology of payment haven’t been yet determined, and that the details would be revealed later in a very rehabilitation set-up plan.
As ‘reported‘ earlier, roughly around 24,000 creditors were supposedly affected by Mt. Gox’s earlier hack in 2011 and subsequent collapse in early 2014, that resulted major loss of around 850k Bitcoins [BTC] priced at around $460 Mln at the reporting time.
Kobayashi, a Japanese attorney who was appointed to manage the civil compensation process, ‘claimed‘ that he liquidated around 26 Bln [about $230 Mln at the reporting time] in Bitcoin [BTC] and Bitcoin Cash [BCH] over four months as of early March last year.
Due to these liquidations, the cryptocurrency community named Kobayashi “Tokyo’s Bitcoin Whale,” as the transactions seriously affected the crypto markets. Earlier in June last year, once the civil rehabilitation proceedings began, the liquidations were formally ‘halted‘.