Gox Info

[Ghepetto]

http://www.reuters.com/article/2014/04/29/us-bitcoin-mtgox-settlement-idUSBREA3S02W20140429



Hurry and read it before the mods move my post to Guam, I'm sure people who had coins or fiat there will be very interested.  


Edit: Furthermore it is a good thing that the 200k coins will not be dumped on the market (liquidated)

[btbrae]

If the court approved this then a lot of people (non-US/Canada) will still be getting shafted in the rear.

It will surely help console them to know that somebody else has received the bitcoin they are entitled to a share in.  

[bryant.coleman]

It will surely help console them to know that somebody else has received the bitcoin they are entitled to a share in.  

Read the article again:

In addition, the customers will split the 200,000 bitcoins that Mt. Gox said it found after seeking bankruptcy protection, and will also split up to $20 million in fiat currency held by the administrator for Mt. Gox.

They are getting some of their coins back, and they are getting shares of Mt Gox. This is the best possible outcome for the users.

[gagalady]

It will surely help console them to know that somebody else has received the bitcoin they are entitled to a share in.  

Read the article again:

In addition, the customers will split the 200,000 bitcoins that Mt. Gox said it found after seeking bankruptcy protection, and will also split up to $20 million in fiat currency held by the administrator for Mt. Gox.

They are getting some of their coins back, and they are getting shares of Mt Gox. This is the best possible outcome for the users.

So did mtgox run away with their coins or they must return them to the users?

[Ghepetto]

Bitcoin Discussion
General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections.
Moderators: hazek, tysat, malevolent




So I post NEWS under this section and it's moved....     but ya sounds like good news for people who were mistreated.

[traderash@aol.com]

I know I should be grateful for this deal and I am. I am a member of www.savegox.com, however we never got a chance to negotiate what percentage we were going to get. 16.5% for us putting up $500,000,000 and 83.5% for them putting up $500???

Like I said, I am grateful, however I wish we would have had a vote or choice or some say so in the matter. Also, I would feel much more comfortable if we had a written agreement, especially when it comes to discovering more "lost wallets."

What do you guys think?

[Phinnaeus Gage]

It will surely help console them to know that somebody else has received the bitcoin they are entitled to a share in.  

Read the article again:

In addition, the customers will split the 200,000 bitcoins that Mt. Gox said it found after seeking bankruptcy protection, and will also split up to $20 million in fiat currency held by the administrator for Mt. Gox.

They are getting some of their coins back, and they are getting shares of Mt Gox. This is the best possible outcome for the users.

While underage boys dressed in fairy costumes camp out under the desks of Mt Coxs' principals: https://bitcointalk.org/index.php?topic=590970.0

[samson]

If the court approved this then a lot of people (non-US/Canada) will still be getting shafted in the rear.

It will surely help console them to know that somebody else has received the bitcoin they are entitled to a share in.  

The same deal is on offer to everyone regardless of where they reside.

What you posted above is completely incorrect.