The Tokyo District Court has approved Mt. Gox liquidation of assets

Abstract: April 25 News, the Japanese bitcoin exchange on the official website announced in Thursday, the Tokyo District Court has approved Mt. Gox liquidation of assets. Prior to this, Mt. Gox had decided to abandon the reorganization plan and request the court to allow it to proceed with bankruptcy liquidation. Thursday, Tokyo

April 25 News, Japan's bitcoin exchange on the official website announced in Thursday, the Tokyo District Court has approved Mt. Gox liquidation of assets.

Prior to this, Mt. Gox had decided to abandon the reorganization plan and request the court to allow it to proceed with bankruptcy liquidation. Thursday, the Tokyo District Court approved Mt. Gox the request and appointed a lawyer King Shinming (Nobuaki Kobayashi) as the bankrupt trustee.

"Mt. Gox is no longer able to restart Bitcoin trading, and its assets will be sold as cash to compensate creditors," lawyer King Shinming said in a statement. "Mt. Gox has decided to convene a creditors ' meeting on July 23.

In addition, lawyer King Shinming also said he would be on Mt. Gox founder Mark Capelles (Mark Karpeles) has been investigating the responsibility of the Bitcoin theft incident.

Mt. Gox filed for bankruptcy protection in Japan this February 28, as the company's network was hit by massive hacking, most of which were stolen by hackers with a total value of $470 million trillion. Last month, Mt. Gox filed for bankruptcy protection in the United States.