Bitcoin Forum

Hello!
I want to sell my Mtgox bankruptcy claim.
Total size 21 BTC. It is already confirmed.
The mtgox site allows to transfer confirmed claims immediately to your account on kracken exchange.
Starting bid: 2 BTC
Step: 0,5 BTC
Buy it now:  7 BTC
End date and time: Ends in 30 Days. 10 PM GMT 25th June
Escrow accept.

 ??? why you not just transfer it ?!

i am interested to know more detail of it...

why don't you get all 21 btc instead of just 7 btc of BIN !?

What is the hook?

yeah.. hard to believe that this is legit ;)

Show proof of claim?

Have all paperwork regarding legal claim to these BTC?

If so am I am interested!

Claim only pays out if there is enough funds left to pay out right? So if MtGox is 100% insolvent, and the Bitcoin they have only covers court costs you are screwed correct?

If MtGox has anything left, the lawyers will find a way to drag it out for a long time until they settle with the creditors for the minuscule amount remaining. So yes, this is apparently worth no where near face value. What is the conversion rate to cash out at this supposed "kraken exchange"?

LOL, no one will see satoshi from this Gox debacle. Can't believe someone is trying to sell something that is virtually worthless.

I dont think there is a 33% chance you get paid so to pay 7
bitcoin for a chance at 21 I will have to pass

but good luck with the claim, sucks so bad what happened to
the people with gox  :(

From what I have read, there are trillions (yes trillions) of dollars worth of claims against the MtGox estate. If you exclude the largest (and likely fraudulent) claim against the MtGox estate then I believe there to be several hundred billion dollars worth of claims, however I also anticipate that many (in terms of volume) to be fraudulent as well.

I understand that roughly 500,000BTC out of roughly 700,000BTC are "missing" from the MtGox estate, and although the amount of missing money is not of the same magnitude, the amount of fiat in the MtGox estate is something less then what their business records show that they should have had. I also believe that the majority of the liabilities that MtGox had was in terms of bitcoin, not fiat. There have also been significant amounts of bankruptcy related costs that will (and/or have) be paid out of the MtGox estate.

I would estimate that the amount of money that claimholders will receive (assuming that only and all legit claimholders are paid) would be somewhere in the range of 14%-28%, at what could potentially be a long time in the future.

I am not sure what a "confirmed claim" is, however I am not sure that the bankruptcy trustee has outright said that any claims are going to be treated as "legit" and/or will not (attempt to) reject any particular claims.

Sure i'll bite. 0.5 BTC

Lol, the starting bid is 2 BTC and each increment is 0.5 btc. but im not the op so idk if he'll still accept it

If a person cant see the the claim they are bidding on anytime soon.

Whats the point of this auction then. I dont think anyones willing to ride out until when these claims actually get resolved..

The exchange rate of the claim doesn't even reflect the real btc/jpy rate, Gox can't just stop to scam us

i have received this interesting email yesterday from Kraken :

Hi M.,
We know that some of you have accounts on bitcointalk.org and we wanted to let you know that a phishing attempt was made on bitcointalk email addresses earlier today.
If you received an email with the subject Mtgox.Claim assessment process, delete it and do not click on the link it contains! This email did not come from Kraken, but was spoofed to look as though it came from our support email (support@kraken.com).
For more information about the email, see this post on reddit:
https://www.reddit.com/r/Bitcoin/comments/4m3op0/psa_phishing_attempts_reported_today_kraken_re/
We do not know how the bitcointalk email addresses were obtained, however the bitcointalk database has been compromised in the past. You can be assured that this incident was not the result of any breach in Kraken’s database and your personal information with Kraken is safe.
Even if you did receive the email, you are safe so long as you do not click on the link (just delete the email and you will be fine). If you did click on the link and are concerned about it, please contact us at: support@kraken.com.
Stay safe,
The Kraken Team

Oh how things have changed.