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Author Topic: [2016-05-26] Mt. Gox Creditors Seek Trillions Where There Are Only Millions  (Read 149 times)
LiteCoinGuy
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May 26, 2016, 06:50:22 AM
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Mt. Gox Creditors Seek Trillions Where There Are Only Millions

Bitcoin investors have complained about how long it has taken to work through the claims, not to mention the legal and accounting costs. The trustee reports that those costs have added up to about $55 million so far.

“I am disturbed by the amount of money which the bankruptcy process has burned through,” Kolin Burges, one of the most outspoken creditors, said on Wednesday. “We have seen very poor results from the investigations, and the details have been constantly shrouded from the creditors.”

http://www.nytimes.com/2016/05/26/business/dealbook/mt-gox-creditors-seek-trillions-where-there-are-only-millions.html


What a burn rate  Grin !

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