Bitcoin investors voiced anger on Wednesday after the first creditors’ meeting for failed Tokyo trading exchange MtGox, whose spectacular collapse hammered the digital currency’s reputation and left a trail of unanswered questions.
More than 100 investors, mostly expatriates, attended the meeting at a courthouse in the Japanese capital, demanding to know how some $500 million worth of Bitcoins disappeared from the disgraced company’s digital vaults earlier this year. ‘They are very careful about giving out any information at this stage, it seems,’ Kim Nilsson, 32, a Tokyo-based information technology engineer said after the meeting. ‘We were hoping for more, obviously,’ he added.
Kolin Burges, a 40-year-old investor from London, lashed out what he called a lack of transparency over the missing money.
‘I felt that they didn’t give out the answers they should have done,’ he said.
People who attended the meeting said former MtGox chief Mark Karpeles and a court-appointed lawyer managing the firm’s bankruptcy proceedings gave no clear answer about what happened to their money.
More than 100 investors, mostly expatriates, attended the meeting at a courthouse in the Japanese capital, demanding to know how some $500 million worth of Bitcoins disappeared from the disgraced company’s digital vaults earlier this year. ‘They are very careful about giving out any information at this stage, it seems,’ Kim Nilsson, 32, a Tokyo-based information technology engineer said after the meeting. ‘We were hoping for more, obviously,’ he added.
Kolin Burges, a 40-year-old investor from London, lashed out what he called a lack of transparency over the missing money.
‘I felt that they didn’t give out the answers they should have done,’ he said.
People who attended the meeting said former MtGox chief Mark Karpeles and a court-appointed lawyer managing the firm’s bankruptcy proceedings gave no clear answer about what happened to their money.