Mt.Gox, the troubled Tokyo-based bitcoin exchange, tried to signal it was on the long road to recovery Monday, stating it would look to restore the business and recover damages to repay creditors.
Rather than filing for bankruptcy on Friday, the company opted for "bankruptcy protection," a Chapter 11-style civil rehabilitation that gives the company time to reorganize its affairs with lawyers treating it as an ongoing concern.
Despite detailing that it had outstanding debts of about 6.5 billion Japanese yen ($63.6 million), 850,000 lost bitcoins and 127,000 empty-handed customers, the exchange said it was looking to continue doing business so it could start repaying its creditors.
(Read More: A user just filed the first lawsuit against Mt.Gox)
"(This) will not be for the sole benefit of the company but for that of the whole bitcoin community," the company said in a statement posted on its website on Monday morning.