Post
Topic
Board Speculation
Re: Will customers who have FIAT at Mt. Gox be able to withdraw their FIAT currency?
by
C10H15N
on 28/02/2014, 17:04:11 UTC
My question to you all then is: Does mt. gox have the legal right to "confiscate" these eur and usd and use them to pay their creditors? Or otherwise do they have the right to not pay it back to me, or force me to share the loss with all the other customers as they simply dont have enough money on their books to pay back all the customers funds?

If they declare bankruptcy, yes.

They have:  http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-bankruptcy-idUSBREA1R0FX20140228