Topic: MtGox announce finding of 200,000 lost BTC! - page 7. (Read 30576 times)
No, the community found them, then Mark with his 190 IQ, figures out that he's been had, and magically finds them!!!
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...
This is exciting news, I don't doubt the mtgox clients will get something back but the lawyers will bleed them of huge amounts of $ like they did on the Maddoff fiasco on a larger scale
I think there is a lot more happening than what we can see, it is pretty obvious that you can't misplace 200 or 350k BTC then find it back in a 2weeks span
Let's hope for the best
I think there is a lot more happening than what we can see, it is pretty obvious that you can't misplace 200 or 350k BTC then find it back in a 2weeks span
Let's hope for the best
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...
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
MT Gox found the keys by searching "a storage location called 'wallet' (purse) that exists on the internet"
Lmao. So we found out before gox that gox had 200k btc.
http://www.reddit.com/r/Bitcoin/comments/1z37zw/mt_gox_has_at_least_200k_btc/
Gox, look into these 150k btc as well, maybe you still have them:
www.reddit.com/r/Bitcoin/comments/1za9sf/found_at_least_150k_btc_of_mt_goxs_stolen_coins/
Oh, Gox, btw, there are another 100k btc here and there belonging to you. PM me MK I'll find your btc for you dude!
Lmao. So we found out before gox that gox had 200k btc.
http://www.reddit.com/r/Bitcoin/comments/1z37zw/mt_gox_has_at_least_200k_btc/
Gox, look into these 150k btc as well, maybe you still have them:
www.reddit.com/r/Bitcoin/comments/1za9sf/found_at_least_150k_btc_of_mt_goxs_stolen_coins/
Oh, Gox, btw, there are another 100k btc here and there belonging to you. PM me MK I'll find your btc for you dude!
It would be great if they found them! But what comes up MT Gox after that?
Who still thinks it was a scam until they got a class action suit that was actually following thru?
Who still thinks it was a scam until they got a class action suit that was actually following thru?
This is going to make things interesting. How was it "discovered" and how will they distribute the coins back to the owners? With their database hacked, how will they be able to allow legit people to login and retrieve their accounts and assure everyone that it's not just hackers logging into the database? That's assuming the courts allow a percentage distribution to the depositors. And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing......
Translated version
http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci
Translated version
http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci
With their database hacked
Gox stopped using plain-text passwords in the DB a very long time ago.
Anyone with a strong password will still be in control of their account, and the others deserve to learn a harsh lesson.
This is already known.... I am talking about what other holes and security exploits do the hackers have access to? If they got in once, makes sense they can do it again. And did they plant a back door somewhere else in the code?
Yes that is more interesting:
...did they plant a back door somewhere else in the code?
Will "the old code" need to ever go live again?
(Near the end) Gox was requiring verification on all accounts. They could set up a site for verified users to "apply" to get the max allowed refund. Then the old code isn't being used.
We will find out someday...
OK, here's a question (or two):
Is he going to return those coins or refund them as fiat?
And at what price? Gox price?
Is he going to return those coins or refund them as fiat?
And at what price? Gox price?
It's in the hands of the courts; Logically the BTC goes to people who have a BTC balance.
People who panic sold for fiat get burned badly if Gox keeps finding large numbers of BTC.
This is going to make things interesting. How was it "discovered" and how will they distribute the coins back to the owners? With their database hacked, how will they be able to allow legit people to login and retrieve their accounts and assure everyone that it's not just hackers logging into the database? That's assuming the courts allow a percentage distribution to the depositors. And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing......
Translated version
http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci
Translated version
http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci
With their database hacked
Gox stopped using plain-text passwords in the DB a very long time ago.
Anyone with a strong password will still be in control of their account, and the others deserve to learn a harsh lesson.
This is already known.... I am talking about what other holes and security exploits do the hackers have access to? If they got in once, makes sense they can do it again. And did they plant a back door somewhere else in the code?
It's just a poor attempt to instill confidence, in what I'm not sure.
OK, here's a question (or two):
Is he going to return those coins or refund them as fiat?
And at what price? Gox price?
Is he going to return those coins or refund them as fiat?
And at what price? Gox price?
Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys.
This is most likely the case. One doesn't simply lose over $100M and find it again in less than 30 days. 
Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys.
My thoughts exactly.
Get ready for a "refund and release" document that you will have to sign to have that 25% back.
Karpeles' lawyers forgot to arrange for Karpeles to resign from Gox Poland's board of directors on time (negative legal consequences - although unrealized yet - already occured for Karpeles under Polish Commercial Code which is applicable to all board of directors of companies registered in Poland). Polish Commercial Code originates from very harsh communist laws. President of Board can be jailed for defruading as little as USD 1k.
Even if criminal lawsuits against Karpeles fail in vanilla jurisdictions (Japan and USA), there is no fucking way he can escape multi-year jail service in Poland, even if he farts out those 25%. Trust me Japanese and American prisons are nice when compared to Polish ones.
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.
individual freedoms i am fully ok with. but when someone wants to be a business and control peoples funds.. then those businesses need to be accountable
We already have tens of millions of laws that are variations on "Thou shalt not steal." We don't need any more. We just need government to accept that cryptocurrencies have an objective value (as defined on exchanges, etc.) and that stealing or losing such assets is no different than the loss or theft of other assets in the eyes of the law.
Just my 2 satoshis,
Ebliever
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.
individual freedoms i am fully ok with. but when someone wants to be a business and control peoples funds.. then those businesses need to be accountable
Lawyers for MtGox have announced that they've found 200,000 of the lost BTC!!!
Was it a heist, or just some lost private keys?
Link: http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci
Was it a heist, or just some lost private keys?
Link: http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci
can i ask all people who want to post the news. to include the actual source EG the actal recording or document from the lawyers in this case.
instead of a third party news article that says, "thats what he said", as i call that hearsay and chinese whispers in the past hav always started off like this.
so please dont post news articles post the actual source that the news articles talk about.
many thanks
This is going to make things interesting. How was it "discovered" and how will they distribute the coins back to the owners? With their database hacked, how will they be able to allow legit people to login and retrieve their accounts and assure everyone that it's not just hackers logging into the database? That's assuming the courts allow a percentage distribution to the depositors. And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing......
Translated version
http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci
Translated version
http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci
With their database hacked
Gox stopped using plain-text passwords in the DB a very long time ago.
Anyone with a strong password will still be in control of their account, and the others deserve to learn a harsh lesson.
And its taken them how long to announce this even after the coins were being tracked?
Although positive in general as much as 200,000BTC isnt in the hands of criminals I wouldn't hold out hope of getting much back...
Although positive in general as much as 200,000BTC isnt in the hands of criminals I wouldn't hold out hope of getting much back...
I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years.
Audits are a pain, but they are our friend.
Audits are a pain, but they are our friend.
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.
I partly disagree. I just had a miserable week with a TS16949 audit. This is an industry-standard (non-financial) audit that is not required by any government, but is required by private customers. That is how cryptocurrency should be "regulated" - not by government (for the most part), but by us customers/users demanding accountability with the choices we make. Use the businesses that are getting audited and releasing results from 3rd parties, and so on. But don't ask government to dump a load of wasteful and costly regulations on everyone.
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