[2014-05-27] Mt. Gox Revival Plan Hit With Objection from Creditor CoinLab

[roslinpl]

CoinLab, the former operations manager for Mt. Gox in the US and Canada, has filed an objection to the plan to revive the now-defunct exchange issued by Sunlot Holdings, an investor group that includes John Betts, Matthew Roszak and Bitcoin Foundation board member-elect Brock Pierce. (... )

- click to read more

Well. So what are going to be next "Revival Plan"?

I though this plan was a chance for Mt.Gox users to get at least some of their cash but perhaps I was wrong

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[Ludi]

I have no idea why anyone wants to resurrect gox. It'll forever be tarred with a bad name. Just let it die.

[roslinpl]

I have no idea why anyone wants to resurrect gox. It'll forever be tarred with a bad name. Just let it die.

Well in my opinion if someone is able to build up new, reliable, and good exchange with all of the best securities used to make it as safe as possible and will keep Mt.Gox name and logo - I think that would be great!

[Bit_Happy]

CoinLab, the former operations manager for Mt. Gox in the US and Canada, has filed an objection to the plan to revive the now-defunct exchange issued by Sunlot Holdings, an investor group that includes John Betts, Matthew Roszak and Bitcoin Foundation board member-elect Brock Pierce. (... )

- click to read more

Well. So what are going to be next "Revival Plan"?

I though this plan was a chance for Mt.Gox users to get at least some of their cash but perhaps I was wrong

Someone needed to slow down the Sunlot Holdings "offer", so this is real good news.
It would be nice to hear regular updates from Japan, instead of having everything done in the dark.

[DooMAD]

The vultures are circling the corpse, methinks.  

Call me cynical, but I think whoever gets the go ahead to pick the bones clean, the people who lost their money in gox aren't going to see a single satoshi returned.  As for resurrection, it's a toxic name and I hope it stays dead where it belongs.  It should stand as a warning in the history books for how not to run a Bitcoin business.  Something to learn from and never repeat.  Nothing more.