Naw, kinda the opposite. They “found” a significant amount of missing bitcoin. Then bitcoin skyrocketed in value.
Technically the creditors losses are “crystallized” at the time of bankruptcy and if the organization wanted to push it, could make the creditors whole and end up with the remaining value.
Sometimes this happens in real life where equity holders end up getting some payments post-bankruptcy liquidation.
As I understand it, mtgox is going to go through a procedure to pay out the excess to the creditors anyway, which probably further delayed things.
Many bankruptcies take a significant period of time. Even Bernie Madoff creditors continue to receive distributions from the estate.
Technically the creditors losses are “crystallized” at the time of bankruptcy and if the organization wanted to push it, could make the creditors whole and end up with the remaining value.
Sometimes this happens in real life where equity holders end up getting some payments post-bankruptcy liquidation.
As I understand it, mtgox is going to go through a procedure to pay out the excess to the creditors anyway, which probably further delayed things.
Many bankruptcies take a significant period of time. Even Bernie Madoff creditors continue to receive distributions from the estate.