OK so there's something that's confusing me a lot regarding cryptos and liquidation. Particularly with MTgox and what happened to their customers and apologies in advance if I've got the wrong idea regarding this.
MTGox repaid their customers in USD value at the time of the liquidation, they did not return the coins users had.
If cryptopia does this in a few months and say we still go at the parabolic rate the market is going in now, can they do the same thing and pay back what the USD value is now?
What happens, if they do pay the $$$ value, to the coins left over. Who gets them?
Same question with MTgox, who or what entity is now owners of the bitcoins not paid out?
My general understanding is that every time there is a pay-back to customers who lost their money, the method which results in the least possible returns is chosen.
If the BTC price drops, they'll return you the amount of BTC you lost. If the BTC price raises, they'll say that they'll refund whatever value their users were holding on "day
x", so if you held 1 BTC on whatever day they like (hack-day or liquidation day? I dunno) and they'll refund you in 2 years when BTC's price could be $20k, then you'll receive $6k~$8k instead of $20k.