MtGox withdrawal delays [Gathering]

[bitcoinvest]

for a reason i can't undestand but i imagine the aricle had to be published one day later....

so here it is http://www.coindesk.com/can-chinese-exchange-okcoin-rescue-mt-gox-creditors/

with 2 June 2014 Publish date....

Let's see what will get finally....

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[igorr]

someone back their money from MtGox ?

[sobriket]

I don't really get why these bids try to go through the usa legal system when its Japan which has the final say. It takes time to get anywhere of course & by that time the liquidation on the Japan side may have progressed beyond anyone's ability to stop them. In fact, the liquidator has been given the provisional go-ahead.

Because there will be a creditors' meeting in Japan on 23 July. At that time, Sunlot and their cronies hope to leave the impression on Kobayashi that the majority of creditors back their "settlement" and bid. The US "settlement" is for nothing other than for its publicity value and the impression it leaves on Kobayashi, who unfortunately seems to be hopelessly poorly informed about the wishes of creditors (and amongst other things, about the workings of mass email). So is the press bombardment Sunlot did a while ago - only to impress Kobayashi, confirmed by John Betts (prospective "New MtGox" CEO).

I see no benefit at all for any US creditor to be part of the class represented by Jay Edelson, who seems only to act according to his own best interests (his wallet). Filing claims - you can do so yourself without paying the commission that Jay wants. By being part of the class, you actually relinquish the right to sue certain individuals, and the only thing you get in return is the obligation to pay Edelson.


source.

Note I haven't used the term "to join the class suit" since joining is not a matter of choice - opting out is the only choice you have. And I wholeheartedly recommend all US creditors here to exercise that right!

[iikun]

I don't really get why these bids try to go through the usa legal system when its Japan which has the final say. It takes time to get anywhere of course & by that time the liquidation on the Japan side may have progressed beyond anyone's ability to stop them. In fact, the liquidator has been given the provisional go-ahead.

Because there will be a creditors' meeting in Japan on 23 July. At that time, Sunlot and their cronies hope to leave the impression on Kobayashi that the majority of creditors back their "settlement" and bid. The US "settlement" is for nothing other than for its publicity value and the impression it leaves on Kobayashi, who unfortunately seems to be hopelessly poorly informed about the wishes of creditors (and amongst other things, about the workings of mass email). So is the press bombardment Sunlot did a while ago - only to impress Kobayashi, confirmed by John Betts (prospective "New MtGox" CEO).

I see no benefit at all for any US creditor to be part of the class represented by Jay Edelson, who seems only to act according to his own best interests (his wallet). Filing claims - you can do so yourself without paying the commission that Jay wants. By being part of the class, you actually relinquish the right to sue certain individuals, and the only thing you get in return is the obligation to pay Edelson.


source.

Note I haven't used the term "to join the class suit" since joining is not a matter of choice - opting out is the only choice you have. And I wholeheartedly recommend all US creditors here to exercise that right!

I wasn't aware that Sunlot was actually going to Japan. I personally find Japanese lawyers very closed minded when it comes to their work though, even if it's clear you know more about something than they do. (perhaps thats all lawyers actually haha). They may prove successful in the end, who knows but I don't think they will have an easy time persuading him.

[sobriket]

I wasn't aware that Sunlot was actually going to Japan. I personally find Japanese lawyers very closed minded when it comes to their work though, even if it's clear you know more about something than they do. (perhaps thats all lawyers actually haha). They may prove successful in the end, who knows but I don't think they will have an easy time persuading him.

Whether or not they'll go to Japan, their henchman Edelson or someone else of his firm will.

[bitcoinvest]

i think that all of us that are keep an eye on MtGox case already know that but just in case i post it :

http://www.coindesk.com/mt-gox-us-bankruptcy-filing-coinlab-support/

All together is better i think

let's see what will get out of this...

[bitcoinvest]

Mark Karpeles is twitting why for is the reason....


https://twitter.com/MagicalTux

[iikun]

Mark Karpeles is twitting why for is the reason....


https://twitter.com/MagicalTux

not sure where he is nowadays, but that magnitude 4 quake he talks about was nowhere near Tokyo
"Had a magnitude 4 earthquake this morning. Earthquake early warning system worked for once"

judging by the replies, I don't think he'll be tweeting much longer lmao

https://twitter.com/MagicalTux/status/478477233451847680

[cozytrade]

Surprised 

Sunset, earthquake and rpm based distro 

Mark Karpeles is twitting why for is the reason....


https://twitter.com/MagicalTux

[btcinsight]

WTF! Is he fucking serious?
After stealing approx. $500 million from thousands of people, remaining silent for months with all evidence pointing towards his guilt (leaked database, lie about tx malleability, Willy ...) he is fucking tweeting about the weather

I just don't understand why this crook is not in prison yet, and how he can dare coming to write insignificant things as if everything was OK!

[bitcoinvest]

as we all know he can't leave the country for now. i think we have to be little patient for now....

i am one of many that lost life savings by MtGox because i believed them. now i hope only of savegox and the others take over and give us back our bitcoins.

Now about Mark if the irc chats where true and now with the tweet's i think he want to say something but as long as this "something" is not clear to all of our customers and as long as we don't have our BTC in OUR wallets the better for him is not to make us more ungry than we are already.....

there are people around the world that would kill if someone did something like that on them.... and i have read a lot about this in this forum....

[btcinsight]

If savegox plan succeeds, we will only get a tiny fraction of our amounts anyway. There is no proof savegox people are legit, actually there are reasons to suspect they are not. And it won't bring light on this case, we won't know what happened, who defrauded us and if there is a way sue them to recover our funds.

We need an external audit of all the available material (database, wallets...) and an interrogation of people who may be involved in this shit, but unfortunately it doesn't seems to take this path at all.

[nottm28]

Has the form for claims been released yet?

[bitcoinvest]

Has the form for claims been released yet?

it will be published on www.mtgox.com but nothing yet....


( remember on 23th there is the meeting ... ) if we see this form will be after that......

BUT

we might don't even see this form as my feeling tells me they will recover MtGox.com and find also the lost bitcoins ( it's a matter of prestige for the Bitcoin community ). Don't blame me for my feeling and don't reply to say bla bla bla... i repeat is just my feeling....

[JorgeStolfi]

Well, my feeling is that Sunlot may distribute a small fraction of the bitcoins that clients lost (which will make many of those people happy, paradoxically), and they will split among clients according to the unfair final-balance criterion; and that will be it.  There will be no real investigation, no public explanation of what happened, and no one will be prosecuted.  The old management and any clients who cooperated with MtGOX's unethical behavior will get a fat share of what is left, and whoever stole the rest of the coins will walk away, free and rich, with the motivation and resources to commit even bigger crimes.  \

But the reputation of Bitcoin will not suffer, only because it cannot possibly get any worse.

[bitcoinvest]

Well, my feeling is that Sunlot may distribute a small fraction of the bitcoins that clients lost (which will make many of those people happy, paradoxically), and they will split among clients according to the unfair final-balance criterion; and that will be it.  There will be no real investigation, no public explanation of what happened, and no one will be prosecuted.  The old management and any clients who cooperated with MtGOX's unethical behavior will get a fat share of what is left, and whoever stole the rest of the coins will walk away, free and rich, with the motivation and resources to commit even bigger crimes.  \

But the reputation of Bitcoin will not suffer, only because it cannot possibly get any worse.

we all have our feeling on that and are all accepted.

but i want to add that my feeling is that EVEN if Mark is not responsible ( let's say for a moment that he isn't ok ? ) i think that some people ( that lost money & BTC on MtGox ) will not leave him just walk around with limo and tweeting from Tokyo etc.... they will have much more clear solution....

There are a lot of things that push to go back to normal.... RETURN ALL BTC back to customers even if it takes time is the ONLY solution....

[smoothie]

oh where art thou, Sturle? 

[mymenace]

Well, my feeling is that Sunlot may distribute a small fraction of the bitcoins that clients lost (which will make many of those people happy, paradoxically), and they will split among clients according to the unfair final-balance criterion; and that will be it.  There will be no real investigation, no public explanation of what happened, and no one will be prosecuted.  The old management and any clients who cooperated with MtGOX's unethical behavior will get a fat share of what is left, and whoever stole the rest of the coins will walk away, free and rich, with the motivation and resources to commit even bigger crimes.  \

But the reputation of Bitcoin will not suffer, only because it cannot possibly get any worse.

we all have our feeling on that and are all accepted.

but i want to add that my feeling is that EVEN if Mark is not responsible ( let's say for a moment that he isn't ok ? ) i think that some people ( that lost money & BTC on MtGox ) will not leave him just walk around with limo and tweeting from Tokyo etc.... they will have much more clear solution....

There are a lot of things that push to go back to normal.... RETURN ALL BTC back to customers even if it takes time is the ONLY solution....

this guy might know something or be able to help https://twitter.com/MagicalTux,

recent tweets give the impression everything is as planned

[bitcoinvest]

new mtgox announcement on

www.mtgox.com

https://www.mtgox.com/img/pdf/20140618_order.pdf


also as i checked the www.bitcoins.com is working again.....

( i mean you can now click on the menu and see the page .. something was not working before.... )


so what happened and is working again? did the trustee sold the domain??

Does anybody know ?

[TheFootMan]

this guy might know something or be able to help https://twitter.com/MagicalTux,

recent tweets give the impression everything is as planned

Sunsets and cooking working reliably in Japan. Nothing to see here!