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Author Topic: Understanding the Mt. Gox bankruptcy process  (Read 2771 times)
Nagle
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April 03, 2014, 06:16:30 AM
 #21

Is there any news on what really happened. They just seem to make up more shit every day.
What's happening is that the courts are calling them on their shit. The guy behind "mtgoxrecovery.com" filed a petition with the Tokyo bankruptcy court alleging fraud. A professor at ETH Zurich who showed that "transaction malleability" could not possibly account for losses of the size indicated, and that info was provided to the court. The Tokyo judge then extended the examination for another month, and the Tokyo Metropolitan Police are now involved.

Meanwhile, the bankruptcy judge in the US, where Mt. Gox also filed for  bankruptcy, says Karpeles has to show up in person or Mt. Gox doesn't get bankruptcy protection in the US. Which means the US suits go forward. One of which is against Karpeles personally.

Oh, and some ex-Mt. Gox employees talked to Reuters about what's going on. They're also talking to the Tokyo cops.

Things are moving forward, and not in the direction that Karpeles wanted.
bryant.coleman
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April 04, 2014, 04:20:51 AM
 #22

Things are moving forward, and not in the direction that Karpeles wanted.

That is good news for the Mt Gox users, like me. I hope he'll rot in jail for the rest of his life.
Bit_Happy
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April 04, 2014, 04:45:30 AM
 #23

Things are moving forward, and not in the direction that Karpeles wanted.

That is good news for the Mt Gox users, like me. I hope he'll rot in jail for the rest of his life.

I hope he "finds" almost all the coins when he understands that is is best option.
Probably will not happen, but it would make a memorable day.

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