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Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
JorgeStolfi
on 01/09/2014, 18:38:41 UTC
One important question that I have yet to see answered is how the claims are to be computed.

Many clients seem to assume that the amount they can claim is simply the BTC and currency balances in their MtGOX account, by the time the site was shut down (or at some earlier date).

However, some people who claim to be familiar with bankruptcy cases have claimed that the standard procedure in such cases is to ignore the balances (which are fictitious anyway, since they are the result of trading coins and money that did not exist), and define a client's claim instead as being only the amounts he deposited minus the amounts he withdrew, summed over all time, converting BTC to JPY by the market price at the moment of deposit or withdrawal.

Obviously the two methods will give very different results.  A client who has a huge claim under one interpretation may be excluded under the other, and vice-versa.

Was any information offered recently about which method will be followed by Mr. Kobayashi?