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Mt. Gox Trustee May Sell Off Some Crypto Assets, Says Draft Repayment Plan
The trustee of the now-defunct bitcoin exchange Mt. Gox intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash, according to a draft rehabilitation plan. The trustee, attorney Nobuaki Kobayashi, shared with creditors an outline of the draft rehabilitation plan on Tuesday ahead of a meeting Wednesday. The plan marks a significant step toward concluding a case that has kept creditors waiting since 2014, when Mt. Gox collapsed after a 850,000 bitcoin hack. An outline of the draft (see below), verified by CoinDesk, indicates that creditors who have filed claims for fiat currencies, bitcoin (BTC) and ... (full story)