«Connection Between price surge for bitcoin and Mt Gox’ fortune

Just one bitcoin exchange seems to be going to reap all the possible benefits of the recent price surge. Once Mt. Gox was one the largest platforms for bitcoin exchange in the world, but in February 2014 it filed for bankruptcy and announced losing over 800,00 bitcoins, belonging to the platform itself and its customers. This amount is equal to $450 million.

Nobuaki Kobayashi, a trustee, appointed by the court, stated that he had enough bitcoins for paying off to creditors of Mt. Gox because of the latest price surge for this digital currency. This Wednesday on the platform of Bitcoin.com one bitcoin was traded at $2,758.03 per coin. At the moment Kobayashi has 202,185 bitcoins and it is equal over $557 million at the moment thanks to the current situation with this digital currency. It’s out of the question that Mt. Gox’s creditors could not have missed its solution to file for bankruptcy. Mark Karpeles, its former CEO, and Kobayashi himself were asked to shed some light on the current situation.

On Reddit we saw the following notice about this matter: “It’s unbelievable At the moment we finally can make everybody happy. It should be ignored. Since Mark Karpeles doesn’t feel any integrity any more, we need Kobayashi to express us”. DRW company, specializing in commodities trading proffered its help to convert Kobayashi’s bitcoins to Japanese yen or US dollars.

Cumberland Mining is also willing to help in converting this amount which takes part in insolvency process of Mt. Gox to JPY or USD. This company is proud of its track record of big BTC trades, including government auctions. It’s even considered one of the largest and most important platform for BTC trading, so the company is sure in its privilege to help Mt. Gox.

Mike Komaransky, head of this company, confirmed this willingness on Twitter, where he called his company “solvent” for Mt. Gox.

The creditors’ reaction was somewhat unexpected. They want to get their money back neither in USD, nor in JPY. That’s how one of the creditors’ commented the situation: “Everybody seems to be willing to help us so much. But the only reason for that is their willingness to get our bitcoins. But as for me, I’d better get my BTC back, thank you. There’s no need to convert”.

Those words are true, because Cumberland Mining company is not the only one who proposed its help to Mt. Gox. mygoxclaim.com website invited verified creditors to its hedge funds.

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