*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B
*DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection
*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court
So around $ 60 mln outstanding debt
Only $60mln? The BS out of gox continues.
I have no doubt the actual filings will be made public by the media soon. If they've lost access to their cold wallets - as some have theorised - that could explain why the nominal debt is only $60 million. The cold wallets would still technically count as an asset.
I'm pretty surprised to learn that's only $60 million. In this case many people can bail it out. Just not sure how they calculate the value of bitcoin. I guess $130/BTC?
I guess they haven't even considered lost bitcoins.
Best regards,
ilpirata79
for the sake of filing for bankruptcy protection they will have had to count coins in hand as an assett. I would guess at 130 USD / BTC as that was closing price.
This would make sense as to why they let out no info, closed withdrawals and let the price tank. It was in their interest. The lower the price of each coin on their balance sheet, the lower their debt would be when filing for protection.
But I think an action like this is illegal and the court will calculate with the "real" fair price when they are closed, which is about 500