The trustee in charge of the embattled Mt. Gox bitcoin exchange wants its U.S. bankruptcy case to move forward while he works to resolve the company's uncertain future, the Wall Street Journal reported today. Translators for trustee Nobuaki Kobayashi, appointed by a Japanese court, yesterday told a Texas bankruptcy judge that he wants to secure approval of Mt. Gox's chapter 15 case in the U.S., where a deal to save the company originated earlier this week. Investor group Sunlot Holdings has reached a deal with some angry creditors that had sued Mt. Gox, which froze trading accounts and announced that it was missing about 550,000 bitcoins before seeking bankruptcy protection in Japan. Under the deal, creditors that include some Mt. Gox customers would get a 16.5 percent ownership stake in Mt. Gox, split a portion of 200,000 bitcoins that were located in the search and share other bitcoins that may still turn up in the investigation.
