Some of the BTC were recovered, and it's an interesting case legally because the claims were converted to Yen, and the BTC are now worth far more than the claim

Some of the BTC were recovered, and it's an interesting case legally because the claims were converted to Yen, and the BTC are now worth far more than the claims. Matt Levine has a good writeup: >In Mt. Gox's bankruptcy -- as is generally the case in bankruptcy -- claims against it were reduced to yen amounts shortly after the bankruptcy (in April 2015, when bitcoin was mostly in the $400s), and creditors are entitled to recover up to 100 percent of the yen amount of their claims, but no more. But there is more: >>The bankruptcy estate for Mt. Gox holds 202,185 bitcoins worth about ¥169 billion or $1.5 billion at current rates. Meanwhile, the trustee has recognized claims by exchange customers of ¥46 billion based on the April 2014 bitcoin price, a procedure that lawyers say has a sound basis in bankruptcy law. https://www.bloomberg.com/view/articles/2017-11-14/bitcoin-bankruptcy-wasn-t-really-a-bust https://www.bloomberg.com/view/articles/2017-11-14/bitcoin-b...