Mt Gox Trustee Approves Creditor Claims Worth Billions

Update: Added details of Mt. Gox's remaining holdings and approved payouts as provided by the trustee.

The long-defunct bitcoin exchange Mt. Gox is finally moving toward settling creditors' accounts in cryptocurrency or cash.

In the next few days, the trustee said he will declare the results of his decisions on the claims and creditors will be notified by various means.

Those who filed claims through the Mt. Gox online filing system will be able to check the results by logging into the system.

Those who filed their claims through the supplementary online or the offline methods will be notified via an email from the trustee.

"The Rehabilitation Trustee has approved Exchange-Related Rehabilitation Claims that have been acknowledged based on balances in the MTGOX Bitcoin exchange database, including those that Users have not duly filed."

The statement added: "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 15,894,588,396 in the trust."

"The Rehabilitation Trustee has been still investigating the existence of additional BTC held by the Rehabilitation Debtor," the trustee added.

The deadline for filing civil rehabilitation claims has been extended several times, first to Oct. 22., then Dec. 26.

The exchange's trustee has previously been accused of causing of a decline in bitcoin prices since December 2017 by selling off $400 million in bitcoin and bitcoin cash belonging to the estate.