Bitcoin Forum

Economy => Service Discussion => Topic started by: Massimo80 on April 24, 2014, 11:29:14 AM



Title: Mt.Gox now officially in bankruptcy
Post by: Massimo80 on April 24, 2014, 11:29:14 AM
Here we go:

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf


Title: Re: Mt.Gox now officially in bankruptcy
Post by: roslinpl on April 24, 2014, 11:46:19 AM
Here we go:

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf


Quote
At 5 p.m. on April 24, 2014, the Tokyo District Court issued an order of commencement of
the bankruptcy proceedings for MtGox Co., Ltd. (the “Company”) (Case No.: Heisei
24(hu)No.3830), and at the same time, appointed me as the bankruptcy trustee.

so this is "almost" the end of the Gox story?

I though it can end up in a better way... but..


Title: Re: Mt.Gox now officially in bankruptcy
Post by: Nerazzura on April 24, 2014, 11:51:46 AM
so they don't need to pay their customer losses if they declared bankruptcy?  >:(


Title: Re: Mt.Gox now officially in bankruptcy
Post by: cech4204a on April 24, 2014, 12:19:07 PM
so they don't need to pay their customer losses if they declared bankruptcy?  >:(

i guess you didn't read it...they will sell 200.000BTC that they have and return FIAT ($) to your accounts, so no BTC will be given back.


Title: Re: Mt.Gox now officially in bankruptcy
Post by: roslinpl on April 24, 2014, 12:36:52 PM
so they don't need to pay their customer losses if they declared bankruptcy?  >:(

i guess you didn't read it...they will sell 200.000BTC that they have and return FIAT ($) to your accounts, so no BTC will be given back.

And then Mark K. will end up like a witch!
http://upload.wikimedia.org/wikipedia/commons/7/7c/Empalement.jpg


Title: Re: Mt.Gox now officially in bankruptcy
Post by: cozytrade on April 24, 2014, 01:27:54 PM
Has anyone already planned to attend the creditors' meeting held on 23 July? Should be hot summer day 8)


Title: Re: Mt.Gox now officially in bankruptcy
Post by: Massimo80 on April 24, 2014, 01:46:37 PM
Has anyone already planned to attend the creditors' meeting held on 23 July? Should be hot summer day 8)

It's likely it will be held in Japan... this may be quite problematic for most people.


Title: Re: Mt.Gox now officially in bankruptcy
Post by: pehoko on April 24, 2014, 02:26:28 PM
Quote from: roslinpl
so this is "almost" the end of the Gox story?

I though it can end up in a better way... but..
Bankruptcy proceeding is legal way to stole all funds and not going to jail. For us small creditors -> zero funds, and all is legal.