Kraken Accepting MtGox Bankruptcy Claims

[Dargo]

Regardless of whether you are claiming through Kraken or the MtGox claims site, don't forget that the trustee has said they will accept claims up until May 29th Japan time.

When do you think we might start seeing some coin?  & for an even trickier question what % chance in your opinion would you put on us seeing anything back at all? (guess you cant speculate on that?)

The timeline for payouts depends on how long it takes the trustee to evaluate all the claims. This is bound to be a slow process and I wouldn't expect payouts for 3 more months at least.

I can't speculate on a % chance, but assuming the information given by the trustee is accurate, it seems claimants have a good chance to see a portion of their original funds returned. It's hard to say how much claimants might get back though.

Hopefully the trustee will issue an update sometime in the next month or so that will shed more light on things, but until then all we can do is wait. Hang in there everyone!     

[big ears]

Regardless of whether you are claiming through Kraken or the MtGox claims site, don't forget that the trustee has said they will accept claims up until May 29th Japan time.

When do you think we might start seeing some coin?  & for an even trickier question what % chance in your opinion would you put on us seeing anything back at all? (guess you cant speculate on that?)

The timeline for payouts depends on how long it takes the trustee to evaluate all the claims. This is bound to be a slow process and I wouldn't expect payouts for 3 more months at least.

I can't speculate on a % chance, but assuming the information given by the trustee is accurate, it seems claimants have a good chance to see a portion of their original funds returned. It's hard to say how much claimants might get back though.

Hopefully the trustee will issue an update sometime in the next month or so that will shed more light on things, but until then all we can do is wait. Hang in there everyone!     

The deadline for claims has been extended until the end of July so evaluating all the claims will take even longer than we thought. A number of bitcointalk members said they had missed the original deadline and the extension is good news for them. Spread the word because they only have a few weeks left to claim.

http://cointelegraph.com/news/114773/new-dutch-law-on-bulk-surveillance-allows-tapping-of-bitcoin-network

Trustee Extends Online Deadline for Mt. Gox Claimants

Customers affected by Mt. Gox's insolvency have been given more time to file their online bankruptcy claims. A document from bankruptcy trustee Nobuaki Kobayashi, released on the former exchange's webpage, indicated the deadline has been extended from the end of May to July 29.

The document states:

"Nearer the time of distribution, the bankruptcy trustee is planning to give users an opportunity to use the system again to make changes to the details of their bankruptcy claims other than increasing the amount of the bankruptcy claims that users have filed.”

[mgroenouwe]

Extended 1.5 month AFTER the deadline was elapsed? It was more like a target Date if you ask me...
Not very professional for a trustee/lawyer to extend it.

[WhatTheGox]

Extended 1.5 month AFTER the deadline was elapsed? It was more like a target Date if you ask me...
Not very professional for a trustee/lawyer to extend it.

Sounds like they are just trying to drag the thing out to take more out, they will drag out each stage and probably see payments end of next year i bet.  Oh well at least its another way to store some bitcoin.

[mezzomix]

Extended 1.5 month AFTER the deadline was elapsed? It was more like a target Date if you ask me...
Not very professional for a trustee/lawyer to extend it.

It's very professional for the trustee to extend the deadline. If you assume he gets only 2,000 USD per day, this is another 60,000 USD he receives for his service.

[WhatTheGox]

Regardless of whether you are claiming through Kraken or the MtGox claims site, don't forget that the trustee has said they will accept claims up until May 29th Japan time.

When do you think we might start seeing some coin?  & for an even trickier question what % chance in your opinion would you put on us seeing anything back at all? (guess you cant speculate on that?)

The timeline for payouts depends on how long it takes the trustee to evaluate all the claims. This is bound to be a slow process and I wouldn't expect payouts for 3 more months at least.

I can't speculate on a % chance, but assuming the information given by the trustee is accurate, it seems claimants have a good chance to see a portion of their original funds returned. It's hard to say how much claimants might get back though.

Hopefully the trustee will issue an update sometime in the next month or so that will shed more light on things, but until then all we can do is wait. Hang in there everyone!     

Thanks for providing us with some details, lets hope things go to schedule from here on out.  If it turns out i get 20 25% or whatever back and bitcoin has gone to the moon it might turn out i could make ROI in dollar value, ha!

[overcurrent]

Do people recommend switching the claim to Kraken? What are the pros and cons?

[Amph]

i received this yesterday, forgot to mention, don't know if it's fake  and i'm the only one receiving it or it's real, it's a deadline for your claim

[Syke]

Emails are not very secure. That email looks to match the doc posted at https://www.mtgox.com/.