Post
Topic
Board Exchanges
Re: Mt. Gox Settlement Offer
by
Durden_T
on 05/05/2017, 15:30:50 UTC
I am not sure what you are selling here.

Let's say I have 100 Bitcoins locked up in legal molasses in my Mt. Gox account.

What is your offer?  How can you help me?

Thanks for the enquiry

Okay. If you had a 100 BTC at the time of filing - Your claim amount was converted into JPY to lock in the "claim value" at the time of the loss. The rate to JPY then was roughly JPY50,050... In your case (100*50,050) the claim amount would be approximately 5,005,000 in JPY. This is all pretty easy to verify, I have the allowed claims master list with names and amounts.

The total pool of all unsecured claims in JPY is 45,609,593,503.00. The amount ultimately distributed to creditors will be based on this number. Value of the assets in the estate minus legal and administrative costs will be distributed on a pro rated basis to creditors in however many years this takes to wrap up.

My offer to you is 25% of your claim value is US dollars right now. As in 5,005,000 * .25 = 1,251,250JPY... At today's rate that would be roughly $11,500.

Does that make sense?