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The defeated Bitcoin exchange, which claims to have lost nearly $400 million to hackers, is ordered to hand over any remaining bitcoins to US and Canadian customers.
The plaintiffs will own a 16.5 percent stake of the new Mt. Gox and split 200,000 Bitcoins recovered by the failed exchange.
The court has ordered the bankruptcy trustee to start liquidating the assets of the embattled bitcoin exchange.
Shuttered Bitcoin exchange has asked a Tokyo court for permission to liquidate, citing the complexities in such a rehabilitation process, the Wall Street Journal reports.
Mt. Gox attorneys say in a court filing that Mark Karpeles is unwilling to travel to the US to address questions regarding the exchange's closure.
The imploded exchange’s saga continues as a US bankruptcy judge orders Mark Karpeles to better explain the disappearance of 650,000 bitcoins.
The embattled bitcoin exchange says it’s consulted with the metropolitan police department over the disappearance of 650,000 bitcoins.
Bitcoin suffered a PR black eye with Mt. Gox's bankruptcy filing, but Coinbase co-founder Fred Ehrsam says bad news for the few will translate into good news for the many.