This Mt Gox's topic is becomming annoying. Relax, guys, none will refund you the money.
Why won't they refund?
So, how do you like their claim? Isn't it cringey to feel that they want to take half of your Bitcoin if returned?
Topic: $2 Billion Lost in Mt. Gox Bitcoin Hack Can Be Recovered, Lawyer Claims - page 3. (Read 689 times)
September 15, 2019, 04:24:00 PM
Why won't they refund?
So, how do you like their claim? Isn't it cringey to feel that they want to take half of your Bitcoin if returned?
September 15, 2019, 03:25:55 PM
This Mt Gox's topic is becomming annoying. Relax, guys, none will refund you the money.
Why won't they refund?
September 15, 2019, 03:16:05 PM
This Mt Gox's topic is becomming annoying. Relax, guys, none will refund you the money.
September 15, 2019, 02:59:37 PM
How are they going to get back the money from people who profited? If Vinnik was selling everything through his exchange he only got maybe 10% of what the coins are worth now so he doesn't have the money to cover everything. You also can't ask people who bought coins on BTC-e to give it back even if you trace them.
Hello 5 years ago you bought some bitcoins on exchange and we want them back?
I don't have it! I sold in 2015 for 500 dollars!
Hello 5 years ago you bought some bitcoins on exchange and we want them back?
I don't have it! I sold in 2015 for 500 dollars!
September 15, 2019, 01:42:02 PM
When we think that the hack happened in 2014, it seems like there is no possibility for recovering the stolen money.
the hack actually occurred in 2011 and the theft ended around 2013 so it's even worse then that. we're taking about BTC that was worth a small fraction of the current price. and it was probably all liquidated on BTC-E (likely through BTC-E codes and local exchangers) with no KYC records 5+ years ago.
even if they could find some of the original culprits, the money is long gone and it definitely didn't amount to $2 billion at the time.
so it's a hail mary. the law firm is probably doing this just to get exposure and make a name for themselves.
September 15, 2019, 12:37:08 PM
It is good to hope but to consider that the person who stole them still have them is hilarious .
Generally they don't even wait for some time to sell everything .. or maybe they could have changed it something else ..
Even if it could be traced it would take a while and in that while who knows if the money will still be with the person .
This is actually very weird therefore no one really knows if that's possible.
Generally they don't even wait for some time to sell everything .. or maybe they could have changed it something else ..
Even if it could be traced it would take a while and in that while who knows if the money will still be with the person .
This is actually very weird therefore no one really knows if that's possible.
September 15, 2019, 11:55:46 AM
It's good to have hope, but I don't think it's likely that people will receive their funds back... Making Russian Federation take action against people who received stolen something that is not even considered money is highly improbable, especially because of the law system that does not rely on precedents but rather on the current laws to solve cases (+ corruption, of course). Not to mention what the legal firm wants in return, which is going to leave the users with way less money they lost:
Quote
In return for its assistance, the law firm will charge creditors 50 to 75 percent of the recovered sum, as well as an hourly rate. However, ZP Legal says it will only accept payment in the event of a successful recovery.
I think this will end with nothing, because it seems that it's up to Japan to decide what to do anyway. 
September 14, 2019, 05:02:14 PM
Quote
ZP Legal estimated 170,000 to 200,000 of these coins, currently worth $1.7 billion to $2 billion, can be recovered by taking legal action against Russian nationals who received the stolen money.
In return for its assistance, the law firm will charge creditors 50 to 75 percent of the recovered sum, as well as an hourly rate. However, ZP Legal says it will only accept payment in the event of a successful recovery.
According to a document shared by Pag, ZP Legal told Mt Gox creditors that through a “close cooperation with law enforcement” it believed it could recover “up to 170,000 – 200,000 BTC.”
At the same time, the firm admitted it doesn’t know the identities of all people involved in the theft — it will be up to law enforcement to find the culprits. Speaking to CoinDesk, Zheleznikov said the amount is an estimate based on the number of creditors ZP hopes to take on as clients.
In return for its assistance, the law firm will charge creditors 50 to 75 percent of the recovered sum, as well as an hourly rate. However, ZP Legal says it will only accept payment in the event of a successful recovery.
According to a document shared by Pag, ZP Legal told Mt Gox creditors that through a “close cooperation with law enforcement” it believed it could recover “up to 170,000 – 200,000 BTC.”
At the same time, the firm admitted it doesn’t know the identities of all people involved in the theft — it will be up to law enforcement to find the culprits. Speaking to CoinDesk, Zheleznikov said the amount is an estimate based on the number of creditors ZP hopes to take on as clients.
This sounds extremely dubious. From everything the firm is saying, all of this hinges on a future law enforcement investigation, with the involvement of multiple agencies across borders.
And in the unlikely event of recovery, they'll pocket 3/4 of your bitcoins.
September 14, 2019, 04:48:53 PM
It would be nice if what the lawyer claims is true and can be done. The thing is, lawyers tends to say things to console the victims for the sake of getting paid for their services. It had been several years passed and yet, the lost Bitcoin had not been recovered. Even if they pinpoint who the receivers are, it is quite impossible to get 100% of the lost funds of MT. Gox because they could had been sold already. Another thing is the accuracy of finding involved people. It is easier said than done IMHO.
September 14, 2019, 04:27:36 PM
Moscow-based law firm ZP Legal claims to have identified Russian nationals who received bitcoin stolen in the 2014 hack of Mt Gox. Local law enforcement is investigating Alexander Vinnik, the alleged operator of the defunct exchange BTC-e. ZP Legal says Mt Gox creditors who come forward as potential BTC-e victims may help Russian authorities establish a connection between the exchanges. To cut a deal with law enforcement, those who benefited from the Mt Gox hack might offer to return funds to the exchange’s creditors, the law firm reckons.
https://www.coindesk.com/2-billion-lost-in-mt-gox-bitcoin-hack-can-be-recovered-lawyer-claims
https://www.coindesk.com/2-billion-lost-in-mt-gox-bitcoin-hack-can-be-recovered-lawyer-claims
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