Ban Curtain
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September 28, 2016, 10:55:42 AM |
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Nice result! Lawyer has spend over 10,000,000 YEN as his fees in "very hard" investigation, but hasn't investigated anything! A great question is what they have been doing last 4 months as far as their result is 5-page report about nothing and new planned meeting (about nothing again I suppose) in 2017...  |
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DrApricot
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September 28, 2016, 04:36:34 PM |
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Nice result! Lawyer has spend over 10,000,000 YEN as his fees in "very hard" investigation, but hasn't investigated anything! A great question is what they have been doing last 4 months as far as their result is 5-page report about nothing and new planned meeting (about nothing again I suppose) in 2017... Blowing more smoke! Yet, it's a good time now to question the legitimacy of this whole proceeding, and ask what better approach could have been taken? Why were the proposals from Sunlot, BitOcean, etc for restarting MtGox summarily dismissed by trustee Nobuaki Kobayashi in favour of liquidation? Is everyone completely satisfied with the way the investigation of this matter has been handled by Kraken, the Tokyo authorities, etc.? Where are the results, and do privacy concerns still out-weigh the need to release the addresses so that the disappeared bitcoins can be traced? It's been two and a half years now, but what will we be saying when it has been five? |
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ImI
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September 29, 2016, 02:17:59 AM |
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Nice result! Lawyer has spend over 10,000,000 YEN as his fees in "very hard" investigation, but hasn't investigated anything! A great question is what they have been doing last 4 months as far as their result is 5-page report about nothing and new planned meeting (about nothing again I suppose) in 2017... Its all about Coinlab. They filled a lawsuit against the trustee and are trying to get all the funds that Gox had left in the end. This lawsuit can last for years. |
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bitcoinvest
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October 19, 2016, 06:38:31 PM |
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in case you are interested, like his article title writes: " so here we are again " he is back and he can use computer again but he can't speak at the momment for many things as he wrote... of course i speak for M.K. read all here... http://blog.magicaltux.net/post/151457812119/so-here-we-are-again |
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emelac
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October 21, 2016, 04:47:04 PM |
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Nice result! Lawyer has spend over 10,000,000 YEN as his fees in "very hard" investigation, but hasn't investigated anything! A great question is what they have been doing last 4 months as far as their result is 5-page report about nothing and new planned meeting (about nothing again I suppose) in 2017... Its all about Coinlab. They filled a lawsuit against the trustee and are trying to get all the funds that Gox had left in the end. This lawsuit can last for years. CoinLab sued Gox in June 2013 for $75 million+, and the suit isn't over yet. It wants the lion's share of the Gox coins, and the suit could drag on for eternity. https://news.bitcoin.com/coinlab-lawsuit-delaying-gox-payouts/A years-old $75 million lawsuit against Mt Gox by U.S. company CoinLab is delaying payouts to creditors, the Japanese bankruptcy trustee revealed today. There is only $10.48 million USD left of the money in Gox, and 202,185 BTC. The longer this drags on the faster that $10.48 million is being consumed by lawyer's fees. |
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macsga
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Strange, yet attractive.
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October 21, 2016, 07:31:03 PM |
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My guess is that we will probably see a reduction of what's expected in terms of both USD and BTC when (rather IF) this is over. Coinlab will probably come into an agreement with the trustee provided we're heading for 3rd Bitcoin Bubble (at current prices the BTC-to-JPY estimations are way off anyway).  |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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mgroenouwe
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December 28, 2016, 08:39:32 AM |
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Does anybody know which BTC-rate the trustee will use IF there will be a payout from BTC to BTC? The locked rate from the beginning of the bankruptcy, or the rate at the time of the payout?
Current conversion BTC rate is more than doubled if you compare it to the locked rate which was used for the claims. If you convert the BTC bankruptcy balance to JPY, the trustee has now much more JPY to devide among everybody, so a higher % payout in JPY. But in BTC's it's much lower (approx. 45% at current rate). So if the trustee will use the rate at the time of payout everybody will get 45% of the accepted BTC balance. And if the total value in JPY is not enough, everybody will get a xx% of that 45%. Is this correct or am i missing something?
If you have GOXBTC on BB you can sell them for 0.14 BTC per GOXBTC (14%). The trustee will probably payout somewhere around 20% right (=old estimation)? But what if BTC is at current rate, or maybe even at or above the ATH when the trustee starts with the payout procedure?
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macsga
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December 28, 2016, 09:50:37 AM |
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I don't think we're anywhere near the return from the trustee. The investigation is ongoing (according to the latest announcement) and what bothers me more is that M.Karpeles is out of jail (that means he was not the man that the Japanese justice thought he was). Regardless of this, the evaluation still stands according to the list that the Trustee has published a few months ago. The idea is to maintain a certain amount (even though BTC will be doubled price wise) in order to have something stable to talk about.
For what is worth, I don't think that there will be a revaluation unless we have news about the missing 600k coins... Which i seriously doubt it.
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Chaos could be a form of intelligence we cannot yet understand its complexity.
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bitcoinvest
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January 03, 2017, 07:31:13 PM
Last edit: January 03, 2017, 08:35:32 PM by bitcoinvest |
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Mark started replying questions and commenting before 3 weeks and until now... so in case you missed check here: https://www.reddit.com/r/mtgoxinsolvency/If you have a question to make to Mark go for it, i think will get an answer... but of course don't ask what happend with MtGox  i not expect the real answer anytime soon.... |
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bitcoinvest
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January 23, 2017, 06:18:41 PM |
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We have some news here in case you not read. You can read here: https://twitter.com/i/moments/821888186242584576What we have here is that Mark for the first time as far as i know he says how the hack happened back then.... "social engineering against our hosting provider" now, that is interesting... of course if somebody knows who was the hosting company at that time would be nice to know. as i remember at that time Mark had a hosting company Forever.net. Do i remember good? I not say it was the one that hosted MtGox but if somebody knows i and many others would like to know the answer. |
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bitcoinvest
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February 19, 2017, 08:01:16 PM |
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starting to get hot regarding the MtGox news .... This is one that you need read indeed, since have proofs over email and history data along with a nice and interesting opinion where the $5M USD transferred... and yes you guessed right...is someones pocket.... read the full news-story here: https://goxdox2.org/2017/02/19/email-gate-crooked-peter-part-i/ |
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mayax
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February 21, 2017, 09:31:03 PM |
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nobody cares anymore... be happy if you will get 10% from your loss |
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bitcoinvest
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February 22, 2017, 12:09:27 AM |
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I can choose not answer to you from the attitude of your post, if i get it right...since it's clear you not give a sh... for the members of this community and as for me i am an early adopter that spread the world the news about bitcoin, many people listen to me and are now involved actively in the bitcoin land... anyway...
let me have a different opinion if nobody cares any more...
i will be happy if i get 1% this is not the case here... the case is that the people that we was in the gox exchange at that time, was mostly early adopters and miners etc... not bears etc.. of course this type also was and if you have $10.000.000 and lose some is not the same like in our case that we lost almost 100% of our holdings back then...
so little respect to the people that lost their money is not bad..... if you attitude was different and i misunderstood then it's all good...
but trust me, many people care and wait the result of this situation...
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tvbcof
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February 22, 2017, 12:40:39 AM |
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I can choose not answer to you from the attitude of your post, if i get it right...since it's clear you not give a sh... for the members of this community and as for me i am an early adopter that spread the world the news about bitcoin, many people listen to me and are now involved actively in the bitcoin land... anyway...
let me have a different opinion if nobody cares any more...
i will be happy if i get 1% this is not the case here... the case is that the people that we was in the gox exchange at that time, was mostly early adopters and miners etc... not bears etc.. of course this type also was and if you have $10.000.000 and lose some is not the same like in our case that we lost almost 100% of our holdings back then...
so little respect to the people that lost their money is not bad..... if you attitude was different and i misunderstood then it's all good...
but trust me, many people care and wait the result of this situation...
Back in the day one could not turn around without hearing that it was dumb to let someone else hold your funds. Also, just about every Bitcoin 'business' that had ever been had been 'hacked' and 'lost' their customer's (aka, victim's) funds. Even Gox had had their share of issues and there were some real questions about how competent they were even if they were honest. It has always been best practice to only store BTC with an 'exchange' that one is looking to trade and to keep the bulk of one's holdings under one's own control. I understand how people could have taken shortcuts so I don't assign 100% of the blame to the victims (though I've pretended that I do from time to time.) Furthermore, it is probably as common for people to lose BTC by forgetting passwords or whatever than it is to be rooked by a criminal enterprise such as Mt Gox probably was, so 'doing it right' is not in and of itself a sure-fire means of protection. The main galling thing to me is that every BTC lost through Mt. Gox is a BTC gained by some fucking thief. This makes it different than someone overwriting their wallet.dat. I can only hope that whoever the scumbags are they end up stealing from the wrong person and pay the price eventually. Hopefully some of them already have. There is little honor among thieves so the picture of some of these legacy heists will become more clear, and I'll bet that people who lost $100k will continue to be irritated as the value of their loss rises through $1M. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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Micky25
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February 22, 2017, 09:02:57 AM |
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--cut--
Back in the day one could not turn around without hearing that it was dumb to let someone else hold your funds. Also, just about every Bitcoin 'business' that had ever been had been 'hacked' and 'lost' their customer's (aka, victim's) funds. Even Gox had had their share of issues and there were some real questions about how competent they were even if they were honest.
--cut--
In my opinion, there where clear and early warning signs, like fiat withdrawals that didn't work weeks before closure, while the exchange rate was substantially higher than on other exchanges, because the money was stuck. I could imaging that greed overshadowed one or anothers decision-making ability. |
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bitcoinvest
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February 22, 2017, 10:41:13 AM |
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By that time everything was different. Today is very easy to judge what happened etc...
but that time we want or not was really the biggest exchange on the market.. up to that point all my deposits and withdrawals personally was working good.
This moment of signals for example you mention some people start to withdraw btc, and some was lucky some others not as more issues was coming up..
The point is that yet we don't know the truth exactly... and of course why i should loose all my coins for example ? if we see the price today and the price of the time of closing the exchange is possible to return to me 100% in fiat or BTC.... do you think that? i can't recall now the price but i think about $470 ( correct me if i am wrong but is about there ) and today price of $1.108 is more than double the price... don't tell me that if they sell in one piece etc will take down the price of btc because they can do that as we speak for 2-3 months for example with blocks of 10, 20 or more in blocks of 20 would need 10.000 orders and this is something they can do as we speak who knows...
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Gyrsur
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February 24, 2017, 09:21:54 PM |
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there is now a "Delay Damages for Cash (JPY)" and "Delay Damages for Bitcoin (JPY)" in the claim.  |
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bitcoinvest
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February 25, 2017, 10:55:19 AM |
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there is now a "Delay Damages for Cash (JPY)" and "Delay Damages for Bitcoin (JPY)" in the claim. You mean before there was not? i remember there was the damages for cash there... i am not sure if was the Damages for Bitcoin... do you remember? |
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bitcoinvest
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February 25, 2017, 01:33:12 PM |
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Table columns screenshot taken 2-3 weeks ago  This screenshot is from "List of Bankruptcy Creditors and List of Acceptance or Rejection of Claims" The fields that Gyrsur is referring you can see if you login to your account and see your claim. You will see before the Total at the end. But really i can't recall the Damages for Bitcoin... i think is really new Maybe this is the reason that many investors wanted and did buy some of the Claims.... |
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