On Thursday morning, disgraced bitcoin exchange Mt. Gox posted a document to their website. Therein, information with regard to bankruptcy proceedings.
The company has updated their website with additional information in the form of a second document (also dated the 24th of April).
This document, entitled “Bankruptcy proceedings written decision” sheds some light on what investors can expect to see in the months ahead.
These, of course, are the same investors who lost hundreds of million of dollars worth of bitcoin due to the company’s negligence.
For starters, the document reaffirms that attorney-at-law Nobuaki Kobayashi is designated as the trustee of Gox assets, information we found out Thursday morning.
The document outlines that the period for filing proof of claims will carry on until the 28th of November, 2014, and the date of creditors’ meeting for reporting the status of property is the 23rd of July, 2014 at 1:30PM (presumably Japan time).
Finally, the document notes that the date for investigation of claims is February 25th, 2015.
You read correct. February of 2015. Just under a year away.
If nothing else, it means that there’s a long road ahead for investors looking to recover even part of their holdings kept at the exchange before it crashed and burned.
Whether or not they’ll actually see any of it, well, that’s another story altogether.