This has probably been asked several times before and I apologize if it has.
I bought 6.9 coins with Mt.Gox exchanges years ago now and my claim with the liquidation process was successfully accepted.
At what price does bitcoin have to be for Mt.Gox to be able to repay their creditors in full?
Am I correct that the liquidator will issue me with my bitcoins (as I opted to be paid in bitcoins if successful)?
I read that the Japanese court pegged the Mt.Gox coins to $450 plus (€415) wich is unfortunate as the coins are worth a lot more now but if they pay me the bitcoins Mt.Gox held, do I not have my 6.9 coins or will the liquidator only send me the $450 equivenelt in bitcoins?
Thank you to anyone who can assist in my understanding of this.
K
I don’t specifically know about MtGox, but I lost Bitcoins with Cryptsy which was a similar situation. In the case of Cryptsy, there is a class action lawsuit that liquidated some of the assists of the owner and is supposed to pay back some of that to the customers that filed a claim. Unfortunately the amount we will get is probably just pennies on the dollar.
It’s possible that for MtGox it’s going to be a similar situation. It may not matter how high the price of Bitcoin gets. They may have already liquidated the assets and just spread that among the claimants (after the lawyers take a cut)
