Topic: Did Mt. Gox screw you over... Maybe not so much anymore (Read 213 times)

1.73 BTC would equal 12,741.43 USD, and that is much better than the Bitcoins they had back then (10 BTC * 500 USD= 5,000 USD). I really hope Mt. Gox gives a little compensation at least to their customers. TradeFortress has returned and has started giving reimbursements for Inputs.io users, so should Mt.Gox, and they shouldn't be having the 200,000 bitcoins for these many years. They should done something at that moment itself, but they didn't.

the amount of stolen btc`s are really significant to prevent the market for increasing and going further and no matter what they do, the refund would not correspond the pain of the investors in which case are the victims, and so do I believe that it was an inside job.

Actually I don't see any real news based on this topic also if it’s real then it will be problematic for us also people will suffer a lot based on this topic or mentioned topic we need to solve this problems also still they don’t assure about this problems that it will be solve or not.

There aren't any solid confirmation from a legit source at the moment. But so far, right now, these claims are true. People were put in trouble due to the actions of the said person mentioned in the post. But they are getting reimbursed for it. Although there aren't any guarantee whether they are getting a 100% fix for it.

That's an interesting post. Back in 2014, the Mt. Gox incident stumbled everyone. A huge amount was hacked back then and still many rumors are heard in the market regarding that incident.

Yeah it's easy to say they wouldn't have cashed in, but it's hard to not sell at all the ATH's that were set. I think most people had just given up so it's a nice twist on a sad chapter.


Until reading this I wasn't even aware of the coin dumping. It came at a bad time while the FOMO was wearing off but I think it was negligible in the grand scheme of the correction.

The more I read on the original MT. Gox issues the crazier it gets, kind of glad I wasn't around then, as I probably would have lost something.

I'm sure that everyone is happy to hear that mt gox is no longer going to dump bitcoin into the market. The fear that engulfed the market every time gox moved some coins was too much for us all

Investors in the cryptocurrency market has faced loss in a number of occasions. Hackers were one of the causes, as the demand continues to rise people with intentions of stealing has risen. One of these report were hackers hacked the exchange firm to steal the coins, leaving the investors who keep their coins there to face a total loss.

I can assure you people already hated gox before all the dumping.
Think about all the things karpeles has done and all the people he f*cked over.

For Mtgox the whole market effected. That’s why many persons are not accepting mtgox. They also are trying to market dump. Buy bitcoin has large amount of resources. That’s why they can overcome this problem.

i just arrived when this happened. there were some very sad stories and i hope no one did anything stupid. i also hope everyone involved kept ahold of their gox details otherwise it would be doubly depressing if you hadn't been able to make a claim.

i've read in a few places they may be waiting until 2020 for an actual payout. that puts bitfinex's decision to force a haircut on everyone to avoid bankruptcy after their hack into perspective. actual law sure moves slow.

I hope that the victims will receive as many of their funds as possible, I am glad that this process does not stop. Still, it's really better than nothing. We are waiting for news.

There are many incidents happen regards to hacking. I hope this sort of phenomenon will decrease by developing the technology.

Thank you for sharing the links of nice article. I think MT. Gox didn't screw over me. Cause I have very few investment on that time. I believe that it didn't screw anyone so much.

That's true, but any victim you ask at this point will likely say they planned to hold and that Mt. Gox screwed them, despite some potentially earning more because of the event lol.

But yeah, at the end of the day, they would still have to go through the hassle of a claiming process and were effectively robbed of their ability to make decisions for their funds. It's really great that something is being done, but I'd still be pretty pissed if I were in their situation and I wouldn't be satisfied with anything less than a 1:1 return. I wouldn't be surprised if a few of them still push for that somehow.

If mtgox stops the market dump would be good for us and for crypto's world.
Mtgox already dumped some thousand bitcoin in the market for repay the victims in USD, but i read that it may stop because they decided to repay in Bitcoin so the dump won't be necessary anymore.

That sucks, I did find it interesting that there was a snippit about the price correction( I still believe this) being blamed on MT. Gox panic selling to pay off creditors. It may have played a part, but the ATH was driven completely by FOMO and that can't be ignored. I'm just over a year into this world, and I stopped a lot of people from getting into coins in December I didn't hold enough until the ATH but I did ok.

Someone there may know more than they are saying that is true, the other article I quoted did speak about other charges that had been laid in helping move the BTC around, and how the CEO came under more scrutiny when they "found" 200,000 in cold storage, hard to forget about something like that.


Thanks for adding that, it does give an idea of what people could come to expect. It will be interesting to see if the 500 per BTC remains in place with the bankruptcy proceedings being halted.
Yeah anyone who was known to cash out and not HODL will have done all right with the price increase especially if it starts to climb again as they receive their payout. It's hard to look back honestly as hindsight is always 20/20, but would any of these people held onto everything they had on the exchange? or was it there to sell? I bet a small percentage had BTC there because they bought it to HODL, a larger percentage had it there for day trading trying to grow the bag and pull out small profits. The remainder where probably miners trying to sell to keep running.

I stumbled upon this the other day:

https://www.reddit.com/r/mtgoxinsolvency/comments/8uoa5g/do_we_know_the_total_amount_of_btc_claims_from/


Nothing seems to have been confirmed at the moment, but the current proceedings seem to be infinitely better than $500 per Bitcoin lost. All things considered, this is probably the best case scenario for those affected. They definitely still got screwed though as they could have kept the full amount if this didn't happen.

I thought that latest December 2017 ultimate Bitcoin crash was due to ultimate corrections and cost me everything because i bought my bitcoin at the price of $19,000 then with no choice i sold it at $9,200 but when it was revealed that the crash is not a correction but was due to Mt.Gox events then of course like many other we have been screwed by this exchanges. I believed that the hacking incident is just a drama but the truth is they are one of the big whales and want to sell their Bitcoin at the highest price.

There are many stories circulating around the web about that hacking incident last 2014. Some said it was a inside job and they said they are hacked and that they can only recover 200,000 bitcoins. But still at this point of time the dollar value have already been reached by Mt. Gox and they are selling a huge amount of bitcoins to refund their clients.