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Author Topic: Proof of claim (MtGox)  (Read 1786 times)
BTC Turkiye (OP)
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December 17, 2014, 06:55:56 PM
 #1

I have seen this writing somewhere in reddit

Quote
The bankruptcy trustee will make effort to ensure that creditors around the world have a reasonable period of time in which to file proofs of claim.

and now asking is there anything we (Goxxed ppl) need to do? like showing some kinda proof that we lost BTC in Mtgox?

I know the legal part is still going on and there is not any kinda solution yet. But do we need to do anything at this stage or just watch for a results first?

Since I dont live in US and my country doesnt care anything about our rights in MTGox case, I just dont wanna miss anything or be delayed on any action I should take

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December 17, 2014, 07:17:23 PM
 #2

well there is nothing stopping mtgox sayinth that during the supposed hacks that not only were all their FIAT banks accounts raided and all the offline cold stores.. but also the sql database of users accounts could have been manipulated to say that thousands of users had more balance then they should. so i would recommend everyone check back on their deposits either from banks or other wallets and ensure they can provide proof should it be requested.

but i think that by the time all the attorneys take their fee's and its gone through alot of expense spending to research the cause by hiring computer experts and also paying karpeles consultation fee's... there wont be anything left out of the funds they did manage to recoup

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December 17, 2014, 07:52:58 PM
 #3

Well my question is do I need to do anything right now? and how do I do it? like where is the detailed info about these steps?

Cause it says on this message
Quote
a simple letter of demand is what they want, if the amount isn't enough for you to pay for a lawyer just write your own to the best of your ability print out your screen shots from your login to their website of your balance, include your wallet address for the deposit of your coin or bank account details for them to return the equivalent in cash which to me would be around $1000 US per coin which is about when they stopped providing withdrawals.

https://bitcointalk.org/index.php?topic=611394.msg6783253#msg6783253

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December 18, 2014, 12:42:18 AM
 #4

A proof of claim is a legal document that provides evidence that you are owned a certain amount of money to an entity in bankruptcy.

The fact they are requiring their customers to submit such proof likely means that they will end up owing much less money then they really owe and customers who can follow this process will end up with more

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December 18, 2014, 05:08:38 AM
 #5

Ok but where is the explanation of that procedure to tell us what to do and how to do

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December 18, 2014, 05:14:32 AM
 #6

I have seen this writing somewhere in reddit

Quote
The bankruptcy trustee will make effort to ensure that creditors around the world have a reasonable period of time in which to file proofs of claim.

and now asking is there anything we (Goxxed ppl) need to do? like showing some kinda proof that we lost BTC in Mtgox?

I know the legal part is still going on and there is not any kinda solution yet. But do we need to do anything at this stage or just watch for a results first?

Since I dont live in US and my country doesnt care anything about our rights in MTGox case, I just dont wanna miss anything or be delayed on any action I should take
You might be able to prove about your transaction, by giving them the link to the transaction from blockchain, to show proof.

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December 18, 2014, 06:33:01 AM
 #7

That's a pretty good idea. But I guess for now they don't expect you to prove anything yet as I found no precedure about it

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December 18, 2014, 07:01:02 AM
 #8

That's a pretty good idea. But I guess for now they don't expect you to prove anything yet as I found no precedure about it

Google search:
 
"MtGox and Bankruptcy Trustee Nobuaki Kobayashi have answered some questions put to them by creditors at the second creditors meeting held onNovember 26th 2014.
In short:
Proof of claims will be accepted beginning April 2015." 

So no, nothing you should be doing right now other than making sure you have your evidence all sorted and ready to go for April 2015.
 
Asking for proof of claims is procedural - the trustee needs to ascertain the level of compnay debt.
The task of going through each one, validating and accepting, will be a huge and expensive one.
 
Creditors should be expecting a nil return from the bankruptcy. Should by some mircale a dividend be paid, then this should be considered a lucky bonus.
 
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December 18, 2014, 07:05:32 AM
 #9

That's a pretty good idea. But I guess for now they don't expect you to prove anything yet as I found no precedure about it

Google search:
 
"MtGox and Bankruptcy Trustee Nobuaki Kobayashi have answered some questions put to them by creditors at the second creditors meeting held onNovember 26th 2014.
In short:
Proof of claims will be accepted beginning April 2015." 

So no, nothing you should be doing right now other than making sure you have your evidence all sorted and ready to go for April 2015.
 
Asking for proof of claims is procedural - the trustee needs to ascertain the level of compnay debt.
The task of going through each one, validating and accepting, will be a huge and expensive one.
 
Creditors should be expecting a nil return from the bankruptcy. Should by some mircale a dividend be paid, then this should be considered a lucky bonus.
 

what evidence do you need exactly ? what is there to sort?
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December 18, 2014, 07:20:18 AM
 #10

That's a pretty good idea. But I guess for now they don't expect you to prove anything yet as I found no precedure about it

Google search:
 
"MtGox and Bankruptcy Trustee Nobuaki Kobayashi have answered some questions put to them by creditors at the second creditors meeting held onNovember 26th 2014.
In short:
Proof of claims will be accepted beginning April 2015." 

So no, nothing you should be doing right now other than making sure you have your evidence all sorted and ready to go for April 2015.
 
Asking for proof of claims is procedural - the trustee needs to ascertain the level of compnay debt.
The task of going through each one, validating and accepting, will be a huge and expensive one.
 
Creditors should be expecting a nil return from the bankruptcy. Should by some mircale a dividend be paid, then this should be considered a lucky bonus.
 

what evidence do you need exactly ? what is there to sort?

Well what if I said 'bitcoinnutjob you owe me 10 btc'. You'd be like 'wtf, the hell I do - prove that I owe you'

What proof would you like to see?

For mt gox maybe:
- identity info
- mt gox account info
- transaction/s info and any supporting docs
- etc etc

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December 18, 2014, 08:58:45 AM
 #11

Yep, this is going to prove to be tricky, given how easily tamper-able some of the records are.
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December 18, 2014, 09:03:40 AM
 #12

Yep, this is going to prove to be tricky, given how easily tamper-able some of the records are.
I'd say you just have to sign a message, with the private key from the address you send Bitcoin to MtGox. The only problem I see there, is that you can't prove, that it was a Mt. Gox Address you send the BTC to.

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December 18, 2014, 10:46:28 AM
 #13

Ya, unless you took a screen capture or video of your account right before they shut down then it's pretty difficult to prove what you had at that moment.

In theory they have the accounts so they should know how much they owe. But making people jump through hoops works in their favor.

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December 18, 2014, 11:02:25 AM
 #14

Yep, this is going to prove to be tricky, given how easily tamper-able some of the records are.

Yep perhaps, for me i still live in the same address so i could give recent utility bills, i also have the same bank account, if i deposit into kraken i think this verifies me.  Also have my Yubikey i could post.

I still havent created a kraken account due to laziness.
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December 20, 2014, 10:17:09 AM
 #15

Ya, unless you took a screen capture or video of your account right before they shut down then it's pretty difficult to prove what you had at that moment.

In theory they have the accounts so they should know how much they owe. But making people jump through hoops works in their favor.
You should be able to submit an affidavit detailing the amount that you claim to be owed to you and gox can use their business records to validate such a claim.

Needing some kind of actual proof is really only needed when the amount owed is in dispute (or when the fact that anything is owed is in dispute)
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December 20, 2014, 10:20:41 AM
 #16

I got the same email from, but wasn't 100% sure if it was real or just phishing type emails. This thing is still really going on?

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December 27, 2014, 01:10:06 PM
 #17

The balance we can see by logging in to our Gox accounts is not sufficient proof, I suppose ?
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