Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
emelac
on 21/10/2016, 16:47:04 UTC
Nice result! Lawyer has spend over 10,000,000 YEN as his fees in "very hard" investigation, but hasn't investigated anything!

A great question is what they have been doing last 4 months as far as their result is 5-page report about nothing and new planned meeting (about nothing again I suppose) in 2017...

 Angry

Its all about Coinlab. They filled a lawsuit against the trustee and are trying to get all the funds that Gox had left in the end. This lawsuit can last for years.

CoinLab sued Gox in June 2013 for $75 million+, and the suit isn't over yet. It wants the lion's share of the Gox coins, and the suit could drag on for eternity.

https://news.bitcoin.com/coinlab-lawsuit-delaying-gox-payouts/

Quote
A years-old $75 million lawsuit against Mt Gox by U.S. company CoinLab is delaying payouts to creditors, the Japanese bankruptcy trustee revealed today.

There is only $10.48 million USD left of the money in Gox, and 202,185 BTC. The longer this drags on the faster that $10.48 million is being consumed by lawyer's fees.