• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
<>
Sensei Inu Logo

Judge Rejects CoinLab Complaint on Mt. Gox Revival

newsbtc by newsbtc
9 years ago
in Cryptocurrency Market News
Reading Time: 2 mins read

Earlier today, news broke that former Mt. Gox partner and creditor CoinLab had issued a formal complaint against a plan proposed by Sunlot Holdings that would see the group buying out the exchange for one bitcoin with the promise to pay back at least in part) investors who lost money in the exchange’s collapse earlier this year.

As it were, Bankruptcy Judge Stacey Jernigan is said to have rejected the complaint CoinLab, according to the Wall Street Journal (subscription required). In that complaint, the Washington-based company — who sued Mt. Gox in 2012 for $75 million after a deal fell apart — said that Sunlot’s plans would be forced on Mt. Gox customers “without any real scrutiny.”

Mt. Gox lawyers told judge Jernigan that Nobuaki Kobayashi (the man overseeing Mt. Gox assets) and his team are considering other proposals — going against CoinLab’s allegations that have made it seems as if the Sunlot plan is set in stone.

Lawyers for CoinLab took the opportunity to tell the court recently that they could more efficiently find the missing bitcoins at Mt. Gox.

“If anyone can find the hidden bitcoins, it’s us,” said Larry Engel.

It could very well mean that additional proposals may stem from this. After all, at this point Mt. Gox investors are likely willing to hear any good idea that might see the recovery of their money.

Mt. Gox, under the leadership of Mark Karpeles, is said to have lost in the neighborhood of 850,000 bitcoins this year. That’s work over $480 million at the current exchange rate.

Several weeks following the trading halt at Mt. Gox, the company announced the mysterious appearance of 200,000 bitcoins in a wallet they reportedly thought was no longer used.

[textmarker color=”C24000″]Source[/textmarker] Wall Street Journal

Tags: bankruptcycoinlabjudgemtgoxNews
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

Mixin network crypto hack

$200 Million In Crypto Lost As Mixin Network Comes Under Attack

2 hours ago
Cardano ADA ADAUSDT

Cardano Sees Spike In Development Activity, Can The Price Of ADA Follow?

4 hours ago
Ethereum

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

5 hours ago
Ethereum

Number Of Ethereum Addresses Losing Money Just Reached A New All-Time High

6 hours ago
Bitcoin price

Crypto Analyst Says Prepare For 100% Increase In Bitcoin Price As Historical Pattern Forms

9 hours ago
Dogecoin

Will Dogecoin Bounce Back To $0.07? Here’s What To Watch For

10 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Everlodge (ELDG)’s Electrifying Presale: Stealing the...

    2 hours ago
  • Litecoin (LTC) and Chainlink (LINK) Holders Dive into...

    3 hours ago
  • Discover the Yesgo (YESGO) Listing on XT.COM and Launch on...

    3 hours ago
  • Ex-SEC Chief Optimistic About Bitcoin ETF Approval...

    8 hours ago
  • Bitcoin (BTC) Stays at $27K; Bullish Hints from Aave (AAVE)...

    9 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.