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

BEFE Coin’s Rally: Analysts Predict Unprecedented 2000% Price Surge

The analysts are all buzzing with predictions of how the BEFE Coin is set to…

24 mins ago

Bitgert Coin Forecast: Crypto Experts Predict +500% Price Surge Ahead

Within the cryptocurrency ecosystem, there is a constant expectation that the value of a specific…

32 mins ago

BDAG X1 App Overshadow Bitcoin and Sui Network

Crypto Analysts Answer: Will BlockDAG be set to Eclipse Bitcoin and Sui Network With its…

15 hours ago

Influencer Ignites BDAG Presale, Beats SHIB & Cardano Price Prediction

BlockDAG’s $23.2M Presale Gains Recognition Worldwide as Major Influencers Vouch For It Outshining Cardano's Price…

17 hours ago

BlockDAG Dev 23: P2P Tech & X1 Miner Launch

BlockDAG Dev Release 23 Sparks P2P Revolution: Anticipation of X1 Miner App Beta Version Causes…

19 hours ago

Top Crypto Coins to Buy in May 2024: TON, LINK, and KANG in the Spotlight

Historically, extended periods of market downturn have often preceded a resurgence in crypto prices, ultimately…

1 day ago