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

Solana’s $3.2M Entrepreneur Story & BlockDAG’s $1 Potential

How Solana Transformed an Entrepreneur’s Life & Why BlockDAG Could Be the Next Millionaire Maker…

2 hours ago

SOL Market Cap Hits $100 Billion as Possible Infinaeon Long-Term Price Targets Surge

The SOL price has surged to well over $200 as its market capitalization exceeded $100…

7 hours ago

Binance Coin Whales Reap Big Profits as Polkadot Struggles; A New Crypto Presale Is Dominating Investor Attention

BNB is already flashing signs of a bearish sentiment despite launching a new stablecoin while…

9 hours ago

Three Crypto That Surprised The Market: Rollblock, Cardano, and XRP

The crypto market is no stranger to unexpected twists. However, the recent performances of Rollblock,…

9 hours ago

As Bonk (BONK) and Pepe (PEPE) Shine, Rollblock (RBLK) Captures the Market’s Attention With Upcoming Reveal

Meme coins are back with a bang and are as insanely volatile as ever! Bonk…

9 hours ago

2024’s Top 9 Crypto Staking Platforms to Make Passive Income

Staking has become one of the most effortless ways to generate passive income in the…

12 hours ago