Categories: CryptoNews

Bankruptcy Trustee Says MtGox Bitcoin Addresses Will Not Be Released

Nobuaki Kobayashi, Bankruptcy Trustee for now-defunct Japanese bitcoin exchange MtGox, released a statement today saying that he will not release a list of bitcoin addresses supposedly controlled by MtGox, which he hoped would aid the investigation and recovery of missing customer funds.

In February, Kobayashi released a report declaring that 202,163.41 BTC in customer deposits were being held by in trust by the bankruptcy estate, however, the report also revealed that an ongoing investigation was underway to recover additional funds.

In today’s press release, Kobayashi cites “newly identified material risks” to the privacy and safety of users on that list, as well as “opinions” from members of the bitcoin community, which played into the decision to scrap the publication of the list.

Kobayashi writes:

“As a result, the trustee has come to believe that the potential negative effect resulting from the release of the addresses would be much more detrimental compared to the degree of benefits that can be gained thereby, and, therefore, has concluded that we suspend the release.”

Related Post

Today’s creditor memo also stated that the complete results of the MtGox investigation – which was conducted with the help of Payward Group, parent company of digital currency exchange Kraken – will be released at some point in the future “in a manner, at the timing, and with content, that the trustee believes to be appropriate.”


Image credit: 1
If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.


Published by

Recent Posts

Elrond Price Up 19% After Maiar DEX Launch

Elornd price is up over 19% today, setting it as the biggest gainer on…

4 hours ago

Top 3 Most Anticipated Metaverse Coins on the Market

Metaverse is the name of the game when it comes to high ROI cryptocurrency projects.…

5 hours ago

SafeMoon Price Shows Strong Support at the $0.000003 Level

SafeMoon price shows strong support at the $0.0000031 level as cryptocurrency markets continue to struggle…

7 hours ago

3 Insanely Undervalued Shiba Inu Themed Meme Coins

If you missed the Shiba Inu hype, the good news is it's never too late.…

8 hours ago

Celer Network Price Up 19%, Is This the Next Loopring?

Celer Network price is up 19% today, making it the biggest gainer on Currently…

11 hours ago

Is Metahero the Golden Ticket for Metaverse 3.0?

Metaverse coins are all the hype right now, and recently we've been asked on twitter…

11 hours ago

This website uses cookies.