I have heard of nothing that mtgox is trying to return the bitcoinica's money.
Mtgox is a group of liars.
Topic: Mtgox detain users' money and refuse to give it back (Read 3413 times)
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Mt. Gox chief marketing officer Gonzague Gay-Bouchery, left; CEO Mark Karpeles, right.
Mt. Gox chief marketing officer Gonzague Gay-Bouchery, left; CEO Mark Karpeles, right.
"Well, no, sir. Umm, I think it's a joke, sir,... like, uh 'Sillius Soddus' or... 'Gaybauchery', sir."
how did Mtgox end up with the BTC / $$ ?
Mt. Gox profits tremendously by the Bitcoin hype currently going on. PKF expressed in their latest update that the distribution to surviving Bitcoinica claimants will likely be in USD only. PKF dumping the remaining Bitcoinca stash on the market could trigger a correction that could in turn bring another sudden drop in Bitcoin interest, and thus trading volume, like we saw in June 2011. Mt. Gox wouldn't want to stir the pot when tens of thousands of new customers are lining up to get their accounts verified. So in lack of any actual information we might as well speculate wildly. In other news, Zhou Tong have reportedly acquired a second luxury yacht.
I wish this could be moved to a more frequented forum along with all the other threads about Mt. Gox sitting on all our money. Still waiting to see the BTC address where all our funds are being kept..
What is this about?
good question
Mark, when I came across you photo on the internet, I just want to remind you that detain other people's money and refuse to return it is WRONG!
PAY BACK THE BITCOINICA USERS' MONEY!
Mt. Gox chief marketing officer Gonzague Gay-Bouchery, left; CEO Mark Karpeles, right.
PAY BACK THE BITCOINICA USERS' MONEY!
Mt. Gox chief marketing officer Gonzague Gay-Bouchery, left; CEO Mark Karpeles, right.
I would like to post this mysterious explanation here:
Unfortunately I cannot share more details here as this would go against our privacy policy.
Whose privacy is it?
Wait... what? Can you expand on this? The last update we received from the liquidator stated that Mt Gox was not talking to the liquidators, or sharing relevant information. Has this changed? Have you seen this thread?....
Unfortunately I cannot share more details here as this would go against our privacy policy.
Whose privacy is it?
Bitcoinica.
What is this about?
What is the intention of Mtgox? With an court order, give the account info to the liquidator has nothing legal risk. At this point, the liquidator seems considering to take legal action against Mtgox. With my money freezed in the Bitcoinica/Mtgox, I have missed lots of opportunity. What's the problem here? Mtgox owe the community a clear explanation why holding the money of ours for so long.
Quote
To All Investors
We have received a number of emails from investors recently requesting a progress update on the liquidation.
We have received further information from the limited partners which we are currently assessing and we continue to correspond with MT Gox with a view to having the account information released to us. At this point, MT Gox continues to withhold the information and account access. We are hopeful that we will not need to issue legal proceedings as this will simply result in further depletion of investor funds.
We understand from press releases that MT Gox has entered into an agreement with CoinLab for bitcoin trading in North America. We have not taken legal advice on this issue, however we do not believe that this arrangement affects the liquidation process.
We have not yet determined the method for the distribution to creditors/investors, as we do not yet know the composition of the frozen accounts (ie the number of bitcoins held and balance of USD funds). However, it is likely that any distribution will be made in USD. Once we have the account information, we will notify investors of the process for which the Liquidators intend on distributing funds. If there are insufficient funds to make payment in full to each investor, then distribution will be made on a pro-rata basis (ie funds are distributed in proportion to each investors claim).
We will keep investors abreast with further updates as and when they occur.
Kind Regards
Taslim Bhamji
Senior Insolvency Administrator
We have received a number of emails from investors recently requesting a progress update on the liquidation.
We have received further information from the limited partners which we are currently assessing and we continue to correspond with MT Gox with a view to having the account information released to us. At this point, MT Gox continues to withhold the information and account access. We are hopeful that we will not need to issue legal proceedings as this will simply result in further depletion of investor funds.
We understand from press releases that MT Gox has entered into an agreement with CoinLab for bitcoin trading in North America. We have not taken legal advice on this issue, however we do not believe that this arrangement affects the liquidation process.
We have not yet determined the method for the distribution to creditors/investors, as we do not yet know the composition of the frozen accounts (ie the number of bitcoins held and balance of USD funds). However, it is likely that any distribution will be made in USD. Once we have the account information, we will notify investors of the process for which the Liquidators intend on distributing funds. If there are insufficient funds to make payment in full to each investor, then distribution will be made on a pro-rata basis (ie funds are distributed in proportion to each investors claim).
We will keep investors abreast with further updates as and when they occur.
Kind Regards
Taslim Bhamji
Senior Insolvency Administrator
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