Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
JorgeStolfi
on 17/10/2014, 19:31:12 UTC
What the fuck is the tribunal doing?
Couldn't they just split the remaining bitcoins and give them to us?
What's the point of waiting?
They are still figuring out how many bitcoins and dollar there are; they have hired some TI consultants to analyze the database and other files.  Then they have to figure out what clients can claim. (It need not be the final account balance; my guess is that it will be some other formula.)  Then clients will have to send forms specifying their claims; this step has been postponed to the next year.  Then they will have to validate the claims.  Meanwhile, they may have to auction the bitcoins.

There is an investigation going on by the Japanese police about a certan amount of bitcoins that the liquidator thinks are missing.  It may not be all the 600'000; IIRC it was some particular 20'000 or so.  Do no expect any more details or information about that until the investigation is complete; that is normal in criminal investigations.

Then there is Sunlot, lobbying hard behind the scenes to stop the liquidation, call off the police investigation, and take possession of the 200'000 remaining bitcoins, "for the good of the clients".

I gather that there are some help sites and client groups, but it is not clear whether they are really trying to inform and help clients, or are trying to obfuscate and convince them to accept the plans of Sunlot or other sharks.  Beware.

You had your coins stolen.  You should count them as gone.  If the liquidation is not derailed, one day you will get back about 20% of what you lost.  Then you should count that as a lucky windfall.   Unfortunately, that is how it works when companies go bankrupt.