Jokes aside if the japanese court ruled that the bitcoins are just like money there is high chance that people will be returned some bitcoins right?
The bankruptcy liquidation process seems to be chugging along at its slow pace. (Well, a bit slower maybe: since the deadline for filing claims was postponed by 1 month or so, the next deadlines may be shifted too...)
Victims will get their moer or less fair share of the money and of the 220'000 bitcoins. However, that ruling, as I understood from that comment, actually means the opposite. It said that the bitcoins in MtGOX are fungible like money in a bank, not individualized like clothes in a dry-cleaning store. Therefore the depositors' claims against MtGOX are for a certain monetary value, not for a certain amount of bitcoin; and the trustee
can pay everybody in JPY if he chooses to.
Translation: Punt until bitcoin price goes up, then pay out fiat a fraction of the former exchange rate value of those coins at the time when Mt. Gox collapsed. Pure genius way to fk over the claimants.
If the payouts are to be made entirely in JPY (my guess), I believe that the coins will be auctioned, and whatever amount he gets from the auction will be distributed to the clients. He will get is fees paid from the spoils, but the spoils are not his property, so he cannot play trader with them. Indeed, he should prefer to auction the coins, precisely to avoid being sued for losses due to incompetent trading.
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