Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
macsga
on 07/03/2018, 16:00:33 UTC
The Trustee has sold 35,841 BTC and 34,008 BCH, claims he did it to "secure a certain amount of money for distribution".
http://www.mtgox.com/img/pdf/20180307_report.pdf

Not bad securing the funds for the "as promised" reparations; regardless, I wonder what happened to the other dozen of forks... (BTG, BTX, BTD... here's a list: https://bitcoinforks.io/)
Granted, some of them are scams, and / or low volume, or even peanuts now... but I would want my share if they don't mind, just in case BTC goes to 100K.  Cool

IMO pretty poor performance by the Trustee. He sold BTC at an average of ~10 k$, while median price between December and February is about 13 k$.
He also shouldn't have sold so much, because the approved fiat claims were only ~42 million $. He sold enough to cover all approved claims, fiat and BTC ones.
That's because the MtGox estate is still operating under bankruptcy rules, and all approved claims are in JPY.
About the forks, so far he has only secured the BCH, but no other forks, and missed all airdrops.

It's not right to attribute malice to his deeds, but as far as it concerns me, I'd prefer my coins' private keys (since they can now cover everyone's coins). The previous decision of fiat reparations should be altered. I didn't have many coins held in there, but this is a bad joke for people with lot of coins trapped. So, I agree. Pretty poor performance so far.