Once the world’s biggest bitcoin exchange, the now-defunct Mt. Gox filed for bankruptcy in 2014 following the loss of an estimated 750,000 bitcoins. Former chief executive Mark Karpeles saw multiple charges including embezzlement. A sting at a Tokyo detention cell followed before an ongoing trial where Karpeles plead ‘not guilty’ to the charges.

The bankruptcy estate’s bitcoin reserves currently stand at 166,344.35 BTC, approximately $1.7 billion. Kobayashi insists that he will look to raise additional cash from future sales of BTC and BCC in order to ultimately reimburse nearly 25,000 accepted claims from creditors.