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Author Topic: Mt. Gox's creditors can finally claim online for the bitcoin they’re owed  (Read 69 times)
bitcoinsolicitor
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September 06, 2018, 04:58:04 PM
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Victims of the failed bitcoin exchange Mt. Gox can now make an online claim for compensation thanks to the civil rehabilitation process sanctioned in June.

https://www.selachii.com/Blog/Mt-gox-s-creditors-can-finally-claim-online-for-the-bitcoin-they-re-owed.html
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Smrt Contract
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September 06, 2018, 06:34:26 PM
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This is fantastic if it allows people to file a claim who missed the original deadline. I've been following this subreddit for a while, which gives an in-depth history of the bankruptcy proceedings: https://www.reddit.com/r/mtgoxinsolvency/comments/9bqxwn/latest_update_23_august_2018_commencement_of/
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September 10, 2018, 04:57:47 PM
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That is great thing to hear. If actually the online claiming can be realistic and successful , it will definitely bring confidence to the market. I think I won't be surprised if price starts appreciating because investors confidence is key just like in forex too.

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September 10, 2018, 08:13:26 PM
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Had some troubles opening the link from the OP, here's alternative one:

https://www.japantimes.co.jp/news/2015/08/06/national/crime-legal/bitcoins-lost-in-mt-gox-debacle-not-subject-to-ownership-claims-tokyo-court-rules/#.W5bOfoAnak0


In summary, Court ruled that bitcoin should be treated as money, rather than physical assets. Therefore all that was left in Mt Gox should be divided among all affected users (proportionally), so there's no saying "my bitcoins were not stolen, so I want all of them back".

No controversy here, I would be worried if they ruled otherwise.

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September 11, 2018, 06:45:48 AM
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Had some troubles opening the link from the OP, here's alternative one:

https://www.japantimes.co.jp/news/2015/08/06/national/crime-legal/bitcoins-lost-in-mt-gox-debacle-not-subject-to-ownership-claims-tokyo-court-rules/#.W5bOfoAnak0


In summary, Court ruled that bitcoin should be treated as money, rather than physical assets. Therefore all that was left in Mt Gox should be divided among all affected users (proportionally), so there's no saying "my bitcoins were not stolen, so I want all of them back".

No controversy here, I would be worried if they ruled otherwise.
Its good  to know that the bitcoin investors in mt. Gox will  not  end  up nothing, this will boasts the moral of the peoples who believe in bitcoin it is more secure now because it has been proven, because investors can claim even  misfortune happen to the trading Site.

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September 11, 2018, 02:00:01 PM
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At the Tokyo court, the plaintiff challenged the bankruptcy receiver of Mt. Gox without representation by a legal professional.
A lawyer closely following the Mt. Gox affair said: “It will be difficult to seek to refund (bitcoins) under the law. You have to consider a lawsuit from a different legal perspective.”
Presiding Judge Masumi Karachi said the Civil Code envisages proprietorship for real entities that occupy space and allow for exclusive control over them.

Based on what has said here, it will be difficult for these people to claim for that Bitcoin to deposited in their accounts "which will be much higher than those days" but on the value of it exchanged to USD.

That is a great thing to hear. If the online claiming can be realistic and successful, it will bring confidence to the market. I think I won't be surprised if the price starts appreciating because investors confidence is key just like in forex too.

I think the opposite will happen, as any platform can claim to have been hacked and then after several years return to ctustomers their currencies after converting it to the US dollar.
Also, the news does not affect the price, only with slight gains.

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September 11, 2018, 07:50:24 PM
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Had some troubles opening the link from the OP, here's alternative one:

https://www.japantimes.co.jp/news/2015/08/06/national/crime-legal/bitcoins-lost-in-mt-gox-debacle-not-subject-to-ownership-claims-tokyo-court-rules/#.W5bOfoAnak0


In summary, Court ruled that bitcoin should be treated as money, rather than physical assets. Therefore all that was left in Mt Gox should be divided among all affected users (proportionally), so there's no saying "my bitcoins were not stolen, so I want all of them back".

No controversy here, I would be worried if they ruled otherwise.
Its good  to know that the bitcoin investors in mt. Gox will  not  end  up nothing, this will boasts the moral of the peoples who believe in bitcoin it is more secure now because it has been proven, because investors can claim even  misfortune happen to the trading Site.
On bolded part line. Its not always the case that can happen on any service or website which theres a reimbursement since we can see that Mt.Gox incident is far way more bigger than on most incidents which users itself do strive to have that recovery and comes to a point where law is intervening so you can really expect that theres a possible light to be seen in the end of the tunnel. The only good thing that users do able to get back some amounts even though not as a whole but not really bad at all on what is given.

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bitcoinsolicitor
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September 14, 2018, 01:17:51 PM
 #8

Whist receiving the monetary value of the btc lost at the time of the Mt Gox collapse will disappoint many creditors, it will of course be a relief that they should now receive the full value of their original loss as opposed to what could have been virtually nothing when Mt Gox initially collapsed and brought the btc price tumbling.  The somewhat ironic outcome of this matter (when there is an eventual pay out) is that Mark Karpeles may end up a very rich man and the excess value after creditors and legal fees are paid may go to him.

This is however the opportunity for all creditors to get on board and claim what is theirs.  Please do not miss out as this will be the final opportunity to claim what is yours.
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