#coinlab

Mt. Gox exchange users may finally get to recover some of their lost Bitcoin

When Mt. Gox went bankrupt in 2014, it was the world’s largest Bitcoin exchange, holding 850,000 Bitcoins from thousands of users. Now, creditors might finally be able to get a portion of those riches back. One of Mt. Gox’s largest creditors, CoinLab…

Mt. Gox Creditors Could Get Bankruptcy-tied Bitcoin

Former Mt. Gox partner CoinLab struck a deal with Mt. Gox bankruptcy trustee Nobuaki Kobayashi on Jan. 15. The CoinLab arrangement enables creditors to claim up to 90% of the Bitcoin tied up in the defunct exchange’s bankruptcy, according to Bloomberg.  CoinLab to the rescue Creditors who accept the deal will receive early payments rather than waiting for several court cases associated with the…

Mt.Gox Bitcoin Distribution Drags On as CoinLab Wants $15 Billion

Findings by investigative platform WizSec uncovers new details in the civil rehabilitation case against CoinLab and Mt.Gox as CoinLab seeks $15 billion USD in damages plus an extra $1,127,731,005 each year the proceedings drag out past June 2018. 

The rehabilitation trustee in the case estimates the actual damages caused to be at least forty times lower ($6,100,000 USD) than the fifteen billion…

Leading Advocate for Mt Gox Creditors Quits, Saying Bitcoin Payouts Could Take Years

The head of the largest organized creditor group representing the former users of failed bitcoin exchange Mt Gox is stepping down amid what he described as a protracted legal quagmire that could take years to resolve completely.

Andy Pag, the founder and coordinator of Mt. Gox Legal, told CoinDesk in an exclusive interview this week that he now believes ongoing legal issues – in particular, a sin…

CoinLab v MtGox: The imaginarium of Peter Vessenes

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CoinLab v MtGox: The imaginarium of Peter Vessenes

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CoinLab Increases Mt. Gox Claim from $75 Million to $16 Billion

CoinLab has reportedly filed a 1.7 trillion JPY ($16 billion) claim against the now-defunct cryptocurrency exchange Mt. Gox, according to an alleged photo of the filing document posted on Reddit on Feb. 1.

As Cointelegraph reported in its Mt. Gox recap in March last year, in 2013, CoinLab, a former business partner of the exchange, sued the companyfor $75 million, claiming breach of contract.…