Mt.Gox Bankruptcy Trustee Says All Claims Have Been Reviewed

In yesterday’s highly-anticipated Creditor Meeting in Tokyo, Mt.Gox Bankruptcy Trustee Nobuaki Kobayashi revealed that 24,750 claims have been filed so far. According to Kraken’s blog post, one claimant’s outlandish attempt to get ¥260,000,000,000,000 ($2,366,218,400,000) was rejected.

Kobayashi said yesterday that all claims have been reviewed, and also clarified that the status of each filing has been determined:

“During our thorough bankruptcy investigation, we have carefully reviewed over 24,000 individual claims and made individual determinations on their validity. In the near future, claimants will be able to browse the MtGox claims website to confirm their status. While the detailed schedule will inevitably be affected by each creditor’s response, we wish to proceed to the distribution process as soon as possible.“

In a notice posted on, Kobayashi explains that claimants who were rejected for whatever reason, have additional options:

“The creditors whose filed claim was rejected may take the claim assessment process within one month from the date of investigation of claims pursuant to the Japanese Bankruptcy Law.”

According to figures released in yesterday’s meeting, the total amount of approved claims by Mr. Kobayashi currently stand at ¥45,609,593,503 ($417,436,518). Additionally, the amount of bitcoin held in the Mt.Gox estate is about 202,185. With bitcoin’s exchange rate currently hovering around $473.50: the estate is valued at approximately $95,734,597 USD!

While Kraken will aid in the disbursement of claimant’s funds, representatives from Kraken have advised claimants to check the status of their filing at the MtGox portal:

Jesse Powell, CEO of Kraken, said the exchange is “honored” to aid Nobuaki Kobayashi in his efforts to recover funds on behalf of victims of the Mt.Gox fraud, “We are pleased by today’s announcement and the progress that has been made toward returning clients’ assets.  We’ll continue to offer our assistance wherever possible and I look forward a speedy resolution from here.” he added.

The criminal investigation of former MtGox CEO, Mark Karpeles, is still ongoing by Tokyo authorities. Furthermore, forensic experts from Deloitte and ReEx Accounting Firm – a subsidiary of Deloitte – are still trying to determine if any fiat/bitcoin customer deposits went missing in 2014, when Mt.Gox collapsed.


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