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Wizsec Security Blames Coinlab After Mt. Gox Trustee Delays Proceedings

<strong>On April 25, the Mt. Gox civil rehabilitation trustee Nobuaki Kobayashi published a new announcement concerning the deadline for the rehabilitation plan. According to the letter sent to Mt. Gox creditors, Kobayashi has delayed the proceedings for another six months due to “undetermined” claims. Following the announcement, bitcoin security specialists Wizsec published a scathing critique …

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Mt. Gox Creditors Have a Second Chance to Appeal Claim Decisions

<strong>According to the official Mt. Gox website, creditors of the now defunct bitcoin exchange have one last chance to dispute their claims. The civil rehabilitation trustee, Nobuaki Kobayashi, has also explained the details surrounding the court’s decision to approve or disapprove filed claims.</strong> Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement …

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Mt. Gox CEO Claims the Coinlab and Brock Pierce Deals Never Materialized

<strong>On Feb. 19, the former CEO of Mt. Gox, Mark Karpeles, gave an interview on the Youtube show “What Bitcoin Did”. In episode 76, Karpeles discussed the platform’s insolvency, Coinlab’s monstrous claim for $16 billion, and Brock Pierce’s attempt to revive the defunct exchange.</strong> Also read: Mt Gox Restitution Process Frozen Due to One Man’s …

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The Race to Represent QuadrigaCX’s Creditors May Be Decided Today

Law firms jockeying to represent somewhere between 90,000 and 115,000 users of QuadrigaCX will appear before the Nova Scotia Supreme Court Thursday to see which firms will be appointed representative counsel. The Canadian crypto exchange filed for, and was granted, a stay of proceedings under the Companies’ Creditors Arrangement Act (CCAA) earlier this month. As a …

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Crypto Investor Brock Pierce Is Attempting to Pull Mt. Gox From the Ashes

</header> <strong>Prominent cryptocurrency entrepreneur Brock Pierce is attempting to revive the defunct Mt. Gox exchange by submitting a single rehabilitation plan for creditors called Gox Rising. Back in 2014, the former CEO of Mt. Gox, Mark Karpeles, reportedly signed over all of the business’s assets to Pierce and a firm called Sunlot Holdings Limited.</strong> Also read: Indian …

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The Daily: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange

</header> <strong>In this edition of The Daily, we cover two announcements regarding fiat-to-crypto trading services. The U.S. subsidiary of Huobi has introduced pairs between three cryptocurrencies and the U.S. dollar and peer-to-peer platform Airswap has enabled users to exchange fiat currency for ethereum. There’s also a new development in the Quadrigacx saga – a judge …

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