Topic: MtGox announce finding of 200,000 lost BTC! - page 6. (Read 30576 times)
the coins were never lost or hacked, probably his lawyer convinced him that it was not a good idea to keep the fraud and so eventually all coins will be "found"
Magic! The Gathering of the lost bitcoins.
I believe Mark knows very well that there is a public ledger, so I would be surprised if he really tried a scam
More likely: one of his coworkers did something, that led to the loss of the cold wallets? Maybe those were stolen/hacked but encrypted? Maybe the reshuffling we saw, was salvaging activity into safer wallets?
The story develops...
More likely: one of his coworkers did something, that led to the loss of the cold wallets? Maybe those were stolen/hacked but encrypted? Maybe the reshuffling we saw, was salvaging activity into safer wallets?
The story develops...
lol how absurd, what a joke of a company, how do you just lose 200,000 btc and refind them like its a $20 bill?
Definitively good news, something back is better than 0
Hopefully it will not take half year to see part of my Bitcoins back.
Hopefully it will not take half year to see part of my Bitcoins back.
F*cking liars. As already done a lot of times before, the fat rat will keep lying until there s no escape. Press the bastard! This guy deserves death, after paying every penny back. Silk Road guys must be on stalk ;-P Everybody is still waiting, just in the hope of getting their money back... Fuckarpeles better get some Magic The Gathering out of the hat or be prepared to meet the Lord.
Did you lose money on SilkRoad?
Why did you mention it?
Aren t they the so called "bad" people in the news? People usually not that pacient and tolerant. ;-) But no... never had any bizz there.
Quote
In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. If – repeat, if Empty Gox is executing a copycat scam, we should expect the site to offer their clients a portion of the holdings back, a portion probably lower than 50% (just to drive the point home), and that offer should appear on or about March 11, 2014. Time will tell.
http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/
This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people.
Here, you're simply projecting imagined hypocrisy onto your opposition.
it's better to spread them among the people (real owners) than kapelles would dump it to the buyers all at once
Good news for Mt Gox account holders, bad news for the price of BTC. That's 200k coins that can now be sold that couldn't before.
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Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys.
I agree scrunity before the prosecution well I guess that they get points now for time off doesn't mean that they were not trying to purport a giant heist though
F*cking liars. As already done a lot of times before, the fat rat will keep lying until there s no escape. Press the bastard! This guy deserves death, after paying every penny back. Silk Road guys must be on stalk ;-P Everybody is still waiting, just in the hope of getting their money back... Fuckarpeles better get some Magic The Gathering out of the hat or be prepared to meet the Lord.
Did you lose money on SilkRoad?
Why did you mention it?
Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys.
+1000
Good news for Mt Gox account holders, bad news for the price of BTC. That's 200k coins that can now be sold that couldn't before.
F*cking liars. As already done a lot of times before, the fat rat will keep lying until there s no escape. Press the bastard! This guy deserves death, after paying every penny back. Silk Road guys must be on stalk ;-P Everybody is still waiting, just in the hope of getting their money back... Fuckarpeles better get some Magic The Gathering out of the hat or be prepared to meet the Lord.
Wanna find the rest of the coins quickly? The "thermo-rectal cryptoanalyzer" (hot soldering iron into Mark's a**hole) will do it.. 
The plan is simple guys the draft explains it....
The draft was pre-bankruptcy and has no current power or meaning.
When the courts are done Mark can make a new draft, if he is "feeling OK".
The plan is simple guys the draft explains it.
If they only have 200k btc, which I doubt, they will return this 200k btc to the creditors, then give the creditors 100% share of the company as compensation for the lost 750k btc. New management is brought in, new code etc, exchange opens, everyone is able to withdraw their 20% of btc i.e. this 200k, and then are paid in dividents from profits.
I think Gox has at least 90% of our btc though. This 200k btc proves they have a cold wallet. Therefore, the most they could have lost is the hot wallet, so around 80k.
If they only have 200k btc, which I doubt, they will return this 200k btc to the creditors, then give the creditors 100% share of the company as compensation for the lost 750k btc. New management is brought in, new code etc, exchange opens, everyone is able to withdraw their 20% of btc i.e. this 200k, and then are paid in dividents from profits.
I think Gox has at least 90% of our btc though. This 200k btc proves they have a cold wallet. Therefore, the most they could have lost is the hot wallet, so around 80k.
How do you think the bitcoin will be reimbursed, it this turns to be true?
I mean, will every customer get the same amount of bitcoins, so the ones who have a small amount get it entirely, or do you think they will reimburse customers in proportion to the amount owed to each of them?
What does the law say? Any past examples?
Best regards,
ilpirata79
I mean, will every customer get the same amount of bitcoins, so the ones who have a small amount get it entirely, or do you think they will reimburse customers in proportion to the amount owed to each of them?
What does the law say? Any past examples?
Best regards,
ilpirata79
What does the law say?
Once it goes to court the lawyers get most/much of it by charging high fees.
Sadly, that is what the law says:
U.S. Bankruptcy Court Judge Kevin Carey approved a top hourly fee of $925 in the Tribune Co. bankruptcy, Bloomberg reports. The billable rates charged by the Chicago-based firm in the case start at $575 for some attorneys, according to a Dec. 26 filing requesting court approval of legal fees.
http://www.abajournal.com/news/article/bankruptcy_judge_nixes_sidleys_top_1100_hourly_rate_oks_925/
$600 to $900/hour* for the bankruptcy lawyers; Do you think Mark found cheap ones?
ps. This is a high-end fee, surely Gox is ass-end...
Interesting (and hurting) news from your side...
But you did not answer my quesiton... how are the few bitcoins left split among customers? Does somebody know?
The logic (mine, at least) suggests that who got more bitcoins on mtgox will get less in percentage compared to who had less there.
Best regards,
ilpirata79
p.s. I think lawyers will not accept bitcoins...
But you did not answer my quesiton...
You are correct, I didn't.
If they "find" there is 50% of the money & btc available (for example), then I think everyone gets 50% (any experts in the house, please comment)
However:
This is a new type of case, and no one knows how the BTC will be valued (in $$ terms), or if a "fair" payment (1 BTC = 1 BTC, not GoxpriceBTC) is a high priority.
>>> Can they/will they force a mass liquidation of BTC to convert everything into $$ (Yen) amounts. (Oh God, please no)
Stay tuned....
Does someone know what is the average number of bitcoins possessed by mtgox customers??
Best regards,
ilpirata79
Best regards,
ilpirata79
Wow ! Great news!)) Does it mean that they are going to return it back to the clients?
Get a number..
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