More to the point, how is providing them with information going to lead to a better outcome than providing it to those who are now officially in charge of overseeing/investigating MtGox?

What possible justification is there for the people behind mtgoxrecovery and the legal firm they have supposedly retained choosing to remain anonymous?  That they are not publicly disclosing their identities and the name of the law firm they have supposedly retained is more than enough reason to regard them with suspicion.

Megathreads don't really work well here when there's drama.  The good information gets lost amongst all the bullshit and white noise so it becomes hard for people to find it.

I assume people feel the need to post new threads on topics which already have 274 current threads because they're attention whores.  It means people miss out on information because it gets spread across multiple threads and no-one wants to wade through all the bullshit to find it.

There's not really a good solution (although starting a temporary MtGox sub-forum might be a good idea in this case).  It does tend to die down pretty quickly when there's no new information for a while, though.

Why are you shocked that they don't want to be part of you helping people to bypass the normal Ripple activation process? 

I was saying that theymos has enough funds at his disposal to pay for someone to investigate the MtGox collapse (something you're asking Bitcon Foundation to do).

As far as TA goes, you might as well cast runes so I doubt you're going to convince anyone to part with funds based on your charts.

https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539730583#.UxJ1buOZuSf

pirate operated out of Texas.  Among the charges he was slapped with by the SEC were charges related to securities registration.

Be careful about reading what you wish to be the case into press statements by regulators.  When they say that something isn't subject to traditional regulations/policies, what they normally mean is that "investors" don't have the same legal protections which would be afforded buyers of registered securities.  They don't mean that the offering of those securities doesn't contravene any laws.

From the actual complaint against Trendon Shavers (bolding mine)


http://www.sec.gov/litigation/complaints/2013/comp-pr2013-132.pdf

In plain English, pirate committed an offence against federal securities laws by selling securities which were neither registered nor exempted from registration.

theymos could just as easily spend money for this.  God knows he has funds at his disposal and he doesn't have to worry about pesky things like by-laws.

Yeah, it's incredibly unlikely that any legitimate requests from MtGox related to account closure would be "signed" by Mark anyway.  It's much more likely that they'd come from MtGox Support.

There've been heaps of MtGox phishing scams going on over the last few weeks, apart from anything else.  Normal precautions apply.  Don't open attachments you're not expecting even if they appear to come from a trusted source.  Don't click on links in emails purporting to be from legitimate businesses.  Keep your virus and malware detection programmes up to date and scan everything if you're not using a client which automatically scans emails and attachments.

One thing I don't entirely understand is that usually you would name as many potential defendants as possible and leave it up to them to try to get themselves dismissed from the case.  On page 2 of the filing, the Business Plan MtGox 2014-2017 is referred to in the footnotes.  On page 4 of that Business plan, Jed McCaleb is named as one of the principals of MtGox (12%), the other being Tibanne (88%).  And yet Jed McCaleb isn't named as a defendant in the lawsuit as an individual while Mark Karpeles is.  That seems very...sloppy to me, especially in a case where it's extremely likely that attempts would be made to pierce the corporate veil and attach personal liability to MtGox principals.

 





  

It's the DailyMail, not known for verifying anything.  They've based that on estimates made by un-named people - estimates which seem to presume that all fees go to Mark personally (revenue is NOT profit).  To date, few reports even mention Jed's MtGox holdings or speculate on the portion of fees he's collected - that fact alone means that many of these reports, and the speculation within them are based on surface, information and no real investigation.

Just rename "Discussion" to "FUD" or "Conspiracy Theories" and people will post their thread in another forum.

The irony is that they were only looking at $2 million profit this year if the shit hadn't hit the fan and that projection was based on BTC prices being higher than they actually were. 

Actually, it's not known whether they filed any reports with law enforcement. 

They claim to have only recently discovered that such a huge amount of BTC were missing.  Presumably they spent at least a day or two trying to determine whether they actually were missing and how they might have gone missing.

Financial institutions rarely make public announcements when they discover funds are missing until and unless someone is charged over the disappearance of the funds.  It's only the sheer magnitude of the loss which has forced MtGox into publicly disclosing it at this point because, unlike a bank, they can't continue operating in the face of such a huge loss.

Their ToS don't appear to be on their site, so I have no idea what they specifically state.  That said, you clearly deposited in anticipated of putting funds on the site for future purchases (their domain costs are tiny fraction of the amount you deposited).  You didn't deposit in order to pay for something you'd already bought or were just about to purchase.  Whether "they" told you it was pre-payment for future services or not, it's pretty clear that *you* intended it to be that.

I'm not unsympathetic to your plight but it's commonly how businesses which accept pre-payment for use at a later time work (some limit the maximum amount of funds you can deposit for prepayment - telcos and ISPs do that here to avoid potential financial services regulations issues).

I'm not saying it doesn't suck for you, it does - but to deposit that much you must have either anticipated buying a *lot* of domains or erroneously believed it was somewhere you could park your BTC for safe-keeping.

Even if it was a service which accepted conventional currency, you still might not be entitled to a refund in the event you closed you account with them. You could look for advice from a consumer protection agency where they operate or you could ask them to consider giving you an ex gratia payment, but you're probably pretty screwed from a legal standpoint.  Any payment they make to you would more likely be an act of good will than out of any legal obligation.

You might want to start thinking about contingency plans.  There is no method by which people are going to recover MtGox funds quickly.  All of the legal processes which might lead to people receiving some portion of what they're owed by MtGox are painfully slow.

This is how pre-paid services generally operate (and here, at least, it's a way of them avoiding all sorts of financial services regulations).  It's not usually possible to get a refund if you've decided you no longer want to use the service so it's always wise to limit how much you pre-pay.  One way to get around it is to let someone else use your credit (ie, find someone who wants to register a domain and get them to pay you for registering it from the balance of your account).

The company is in the right in this instance.

While that may be true, it doesn't mean that finding a law firm willing to take the case would be easy.  Law firms like to get paid.  Personal liability means jack shit if someone doesn't have the means to pay a judgement.

These things don't happen quickly.  You typically get an auto-responder acknowledging your expression of interest and then may not hear any more for months.

There current plan is civil rehabilitation, which is based around the company continuing to operate.  There are a thousand reasons why civil rehabilitation is unlikely to be anything other than the scenic route to total liquidation, but moving forward with plans to "rebrand" MtGox makes sense in that context.

People need to remember that they're basically a private lobby group which sets their own agenda.  If people want a group which represents a particular Bitcoin agenda (and there are many conflicting agendas within the Bitcoin community), it's up to them to form their own organisations for tha purpose - as happens with every other cause.

This is what Bitcoin Foundation claims to have done since its creation.

https://bitcoinfoundation.org/forum/index.php?/topic/752-the-good-and-useful-things-the-foundation-has-done-for-us-members-compiled-by-dr-brian-goss/

Explain to me how you're going to find underwriters for a MtGox IPO.  

It sounds like you have no idea how the process works or how slow and expensive it is to undertake.