Bitcoin Forum

Economy => Service Discussion => Topic started by: ifritsultan on March 28, 2014, 08:10:13 AM



Title: Letter to GOX/court and their replies
Post by: ifritsultan on March 28, 2014, 08:10:13 AM
I would like to bring this to you attention:
http://blog.mtgoxrecovery.com/post/80896471394/reply-from-mtgox (http://blog.mtgoxrecovery.com/post/80896471394/reply-from-mtgox)
(I do not know, whether it has been posted somewhere here already, but imo it really has to occur in this section)

The letter from Olivier (anarchy) has been answered on two different dates (the Mt.Gox-date clearly corresponds to the announcment from 20th or March).

Especially the answer from the court is VERY interesting, since it reveals doubts into the reported troubles from Mt.Gox. Sadly, it does not announce any further investigation methods...
What do you think?


Title: Re: Letter to GOX/court and their replies
Post by: OhShei8e on March 28, 2014, 09:26:41 AM
I would like to bring this to you attention:
http://blog.mtgoxrecovery.com/post/80896471394/reply-from-mtgox (http://blog.mtgoxrecovery.com/post/80896471394/reply-from-mtgox)
(I do not know, whether it has been posted somewhere here already, but imo it really has to occur in this section)

The letter from Olivier (anarchy) has been answered on two different dates (the Mt.Gox-date clearly corresponds to the announcment from 20th or March).

Especially the answer from the court is VERY interesting, since it reveals doubts into the reported troubles from Mt.Gox. Sadly, it does not announce any further investigation methods...
What do you think?

While it is also clear that almost no damage was caused by the Transaction Malleability (see http://arxiv.org/pdf/1403.6676) and there were apparently suspicious trades by an special trading account (see http://www.wired.com/business/2014/03/charts-show-bitcoin-turning-vicious/ for a short description or use the leaked data) Gox has much to explain.

In this light, I see today's announcement of a deadline extension: https://www.mtgox.com/img/pdf/20140328_delay_extension.pdf

I hope we get at the end of all our money (especially our Bitcoins) and no one have to go to prison.


Title: Re: Letter to GOX/court and their replies
Post by: ifritsultan on March 28, 2014, 02:30:23 PM
I hope we get at the end of all our money (especially our Bitcoins) and no one have to go to prison.

No one to prison? Why would you hope such a thing? There should be defenetly punishment against fraudulent behavior, since it already did a lot of damage, even if BTCs are fully recovered.


Title: Re: Letter to GOX/court and their replies
Post by: clownius on March 29, 2014, 02:26:41 AM
I hope we get at the end of all our money (especially our Bitcoins) and no one have to go to prison.

No one to prison? Why would you hope such a thing? There should be defenetly punishment against fraudulent behavior, since it already did a lot of damage, even if BTCs are fully recovered.

Prove fraud......


Title: Re: Letter to GOX/court and their replies
Post by: Nagle on March 29, 2014, 05:12:04 AM
Filing that creditor brief has had substantial effects. It caused the court to delay putting Mt. Gox into "civil rehabilitation" for a month while investigation continues. So Karpeles doesn't get what he wanted - remaining in charge of Mt. Gox with few restrictions while creditors were prevented from suing. It now looks like that's not going to happen. I hope someone moves to put a trustee in, which means Karpeles is out and a court-appointed trustee is in charge.

The biggest problem in this mess is that nobody had been speaking up for Mt. Gox's creditors in the Tokyo court. As soon as someone did, suddenly things stopped going Karpeles' way. Showing up in the right court really matters. Filing suit in the US or UK isn't that effective at this stage.

I was critical of the "mtgoxrecovery.com" guy at first, because he was anonymous, but now that he's identified himself and has lawyers appearing in the right court, things are happening. The Tokyo police are now involved, which should have happened sooner. After all, there's half a billion dollars missing.