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.

 

Traderman

Avid blogger, entrepreneur, and cryptocurrency enthusiast. I love writing about cryptocurrency, NFTs, price analysis, and much more!

Share
Published by
Traderman

Recent Posts

Aptos (APT) and Tron (TRX) Prices Slide, As Volume Soars For Rollblock Suggesting Parabolic Rally

As Aptos and Tron prices take a recent downturn, the spotlight shifts to Rollblock, whose…

5 hours ago

Altcoins to Watch in November: Binance Coin (BNB), Rollblock (RBLK), and Neiro (NEIRO)

As the crypto markets roll into their most bullish time of year, we present three…

5 hours ago

Analysts Forecast $1 for Cardano and Lunex Network As Dogwifhat Plunges To Former Lows

As the crypto market prepares for a major rally, experts believe that two top altcoins,…

5 hours ago

Retail Traders Panic Sell During ‘Fake Dip’; Whales Hold Tight to SOL, DTX, and SHIB for a Millionaire-Maker Bull Run

Solana (SOL): A Strong Ecosystem Despite Volatility Solana (SOL) has been all over the place…

6 hours ago

Llama 3.2 Predicts Price For Dogecoin: $2 Peak By 2025 And $5 Rally For DTX Exchange This Winter

Cryptocurrency trends are keen on the forecast that was recently released by Llama 3.2 model…

7 hours ago

Crypto Whale Sparks 8x Surge In $OPK Price with Massive Buy-in

A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…

9 hours ago