MtGox withdrawal delays [Gathering]

[bitcoinvest]

this morning that i checked the system is working!!!! wow!...i can now see approval status.
now what comes..... after let's see

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[macsga]

MtGox seems to be in the mainstream media too. Here's another article that you guys may find interesting:

$2,411,412,137,427.

That figure — $2.4 trillion for those with an untrained eye for very large numbers — is in the same ballpark as the annual economic output of France.

It is also exactly the amount that people around the world claim they lost when Mt. Gox, the Tokyo-based virtual currency exchange, collapsed into bankruptcy in 2014, after huge, unexplained losses of the volatile digital currency Bitcoin.

http://www.nytimes.com/2016/05/26/business/dealbook/mt-gox-creditors-seek-trillions-where-there-are-only-millions.html

[bitcoinvest]

https://www.reddit.com/r/mtgoxinsolvency/comments/4l1iz1/we_can_do_a_first_rough_estimation_of_the_return/

As stated in the today's Bankrupcy Proceedings, the total amount of approved MtGox debits is:

45,609,593,503 JPY =~ 414,226,328 USD

Total amount of declared asset (in money) is:

1,064,664,553 JPY =~ 9,669,283 USD

Total amount of declared asset (in BTC) is:

202,185 BTC =~ 91,791,990 USD

That is done using the BTC/USD conversion rate of MtGox bankrupcy proceedings, that results to me 1 BTC =~ 454 USD.

Total assets:

91,791,990 + 9,669,283 = 101,461,273 USD

Percentage of returns as assets / debits:

101,461,273 / 414,226,328 =~ 25%

We can estimate a first rough percentage as 25%, that can obviously change according to claims rejected that will be accepted instead after eventual complaints, and also more expenses during Bankrupcy Proceedings.

I don't think that such percentage will change so much, anyway. So, if you want to know how much you will receive, more or less, you can take your claim and calculate a 25%.

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after all my proposal is to believe what's in your "wallet" after distribution finish
until then you will read many stories that at the end of the day you don't know why some people spend time to write...

[K-Money]

I just checked the mtgox website to see is my claim was approved and it IS. . I'm gonna turn all-the-way-up tonight !!! Now I just hope they dole out funds by the end of the summer , but hey, one step at a time!

[Bimmerhead]

Does anyone know if there is an appeal procedure? Looks like my claim has been rejected, even though I was one of the first 300 people using Mtgox.

[SolarSilver]

Does anyone know if there is an appeal procedure? Looks like my claim has been rejected, even though I was one of the first 300 people using Mtgox.

Can you find out why it was rejected?

[pinky]

Can someone of those that used the OFFLINE METHOD for filling a claim tell if they got any email from trustee?

[macsga]

Kraken update:

http://blog.kraken.com/post/144960310242/kraken-announces-major-update-in-mtgox-claims

[pinky]

Trustee just sent his APPROVAL/DISAPPROVAL for those that filled with offline method.

My claim was rejected. I sent EUR to Polish Mtgox bank account just days before Mtgox went offline. I won't cry, since I luckily even made nice profits thanks to bitcoinbuilder and I knew the risk of sending the money to Mtgox.

[ImI]

Trustee just sent his APPROVAL/DISAPPROVAL for those that filled with offline method.

per email?

[pinky]

Trustee just sent his APPROVAL/DISAPPROVAL for those that filled with offline method.

per email?

Yes, email with PDF file.

[Definit]

Anyone want to total the amount of rejected claims?

just wondering the amount of Bogus claims vs accepted
to see if the amount that was "lost" in btc was truley lost vs. the amount they "found (202k btc)"

[JohanM]

I just got following email :


To all creditors,

On May 25, 2016, the date of the investigation of claims, I made determination as to accept or reject your filed claims.

As a result, all of the amounts that you filed were accepted. Therefore, you do not have to do anything in particular at this stage.
I uploaded the results of the acceptance or rejection given on the date of the investigation of claims to the system under which you can file the claims against to MtGox Co., Ltd. (“MTGOX”) regarding the refund of BTC and money which were filed by the users of MTGOX’s Bitcoin exchange (the “Bankruptcy Claims Related to Exchange”) through the website (https://claims.mtgox.com/assets/index.html#/ ).  You can browse the statement of acceptance or rejection which sets forth the contents of filings and the details of acceptances or rejections therefor, with respect to all Bankruptcy Claims Related to Exchange, by logging into the System and clicking the link to the PDF file of the “List of Acceptance or Rejection of the Claims” (however, they will be partially masked).  Please look for your creditor’s number (the number assigned to you when you filed your claims) and your name, and confirm the results of the acceptance or rejection of your filed claims. You can also confirm the results of the acceptance or rejection of your claims by logging into the System and clicking the icon that states “Confirm the Results of Acceptance or Rejection of the Claims” (Please note that due to the technical error in the System, there is a possibility that the results of the acceptance or rejection of your claims shown on “Confirm the Results of Acceptance or Rejection of the Claims” icon were incorrect during the period between May 25, 2016 and May 27, 2016 (Japan time).  Please check the results again.).

I will contact you with respect to future procedures when we have progressed to the stage of making distributions.

Bankrupt Entity: MtGox Co., Ltd.
Bankruptcy Trustee: Nobuaki Kobayashi, Attorney-at-law

[JohanM]

Anyone want to total the amount of rejected claims?

just wondering the amount of Bogus claims vs accepted
to see if the amount that was "lost" in btc was truley lost vs. the amount they "found (202k btc)"

The total claim in JPY is a staggering 263519268303371, so that means about 2150 billion Euro !!!!
Total accepted claim in JPY is only  45609593503, so that means 372 million Euro.
So basically 1 in 5770 is accepted !!!

You can download the complete PDF. It is incredible to see what BTC amount people lost: there are many in the thousands and quote a few who lost 10k to 50k btc.
There's even one guy who claims 4.6million BTC

[macsga]

Anyone want to total the amount of rejected claims?

just wondering the amount of Bogus claims vs accepted
to see if the amount that was "lost" in btc was truley lost vs. the amount they "found (202k btc)"

The total claim in JPY is a staggering 263519268303371, so that means about 2150 billion Euro !!!!
Total accepted claim in JPY is only  45609593503, so that means 372 million Euro.
So basically 1 in 5770 is accepted !!!

You can download the complete PDF. It is incredible to see what BTC amount people lost: there are many in the thousands and quote a few who lost 10k to 50k btc.
There's even one guy who claims 4.6million BTC

There's a strong possibility none of the "rejected" claims was actually true. Since there was no penalty or legal prosecution for someone to fill a bogus claim, only the person's fantasy could limit what he/she would claim. FWIW: I believe that the true claims were a bit more and as previously stated here, there were some people that were holding their stash there for anonymity reasons.

Even those who did not provide a surname and name though, since their account was active and contained some BTCs had a very good chance claiming their possessions and probably did. I'm more concerned about the distribution procedure. Anyone here filled his claims with Kraken? Did anyone receive a notice regarding ETA of the funds?

[bottiger]

Is there any way to dispute their claim amounts?

I tried to find any sort of contact but I was unable to.

I have proof that I sent some bitcoins from coinbase to mtgox, and when I read their claim amounts they rejected 80% of it...

[ImI]

There is a hotline number on some of their PDFs.

[bottiger]

There is a hotline number on some of their PDFs.

Which PDF is this? I can't find the number on the "List of Acceptance or Rejection For All Claiments" which is the only pdf I can find on claims.mtgox.com

[ImI]

They sent it in feb but cant find at the moment. Best go to reddit mtgoxinsolvency they will help you.

[K-Money]

Anyone want to total the amount of rejected claims?

just wondering the amount of Bogus claims vs accepted
to see if the amount that was "lost" in btc was truley lost vs. the amount they "found (202k btc)"

The total claim in JPY is a staggering 263519268303371, so that means about 2150 billion Euro !!!!
Total accepted claim in JPY is only  45609593503, so that means 372 million Euro.
So basically 1 in 5770 is accepted !!!

You can download the complete PDF. It is incredible to see what BTC amount people lost: there are many in the thousands and quote a few who lost 10k to 50k btc.
There's even one guy who claims 4.6million BTC

There's a strong possibility none of the "rejected" claims was actually true. Since there was no penalty or legal prosecution for someone to fill a bogus claim, only the person's fantasy could limit what he/she would claim. FWIW: I believe that the true claims were a bit more and as previously stated here, there were some people that were holding their stash there for anonymity reasons.

Even those who did not provide a surname and name though, since their account was active and contained some BTCs had a very good chance claiming their possessions and probably did. I'm more concerned about the distribution procedure. Anyone here filled his claims with Kraken? Did anyone receive a notice regarding ETA of the funds?

Can you be a pal and add the entire PDF that's on the mtgox site on here ? Many bitcoiners would appreciate it .

I agree its a very strong possibility that many if not all of the claims that were denied are fake. Alot of times when their is a class action lawsuit a " money grab" mentality takes place where anyone who files a claim can get a payout. In order for one to receive funds a valid claim must be filed with receipts  ( inner city slang for proof) that funds were truly lost. This has never happened before in regards to cryptocurrency , it's uncharted territory.

Did the individuals who lost 10k to 50k bitcoin get an approved or denied claim ?  That must of been one tough pill to swallow when mtgox went belly up .

Also, if anyone out there knows ,during black Friday 2013 when btc on mtgox went to 1,242.00 a coin , was btc avail to be stored on mobile wallets via cell phones and other smart devices or only on paper and cold storage wallets ?

Tknx.