Mt. Gox’s Rehabilitation Trustee Sheds Light on the Company’s Balance2

Nobuaki Kobayashi, the Rehabilitation Trustee of defunct crypto exchange platform Mt. Gox, has published a draft document containing resolutions reached at the exchange’s second creditors’ meeting. The report was shared on March 20 following the Civil Rehabilitation Proceedings.

It showed that as of March 19, the account balance of the Rehabilitation Trustee depreciated to 69,553,086,521 Yen (about $630 million). Notably, this is about 122, 000,000 Yen ($1.1 million) less than what was recorded after the first creditors meeting under the Proceedings, which took place back in September 2018. The trust, which was set up by Kobayashi, was established to ensure creditor protection.

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