Topic: Mt.Gox Multi-plaintiff Suit - page 2. (Read 68939 times)

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I have €1700 at Mt. Gox, I'd like to join suit too, but I have 0 knowledge of how the legal system works 
I wanted to verify my account, but they denied multiple times (I'm not a native speaker and I'm from the EU) they took more than a month to react to my account verification demand. And when I asked for support in verifying my account, they took weeks to respond and weren't helpful at all...

I'm a college student, and that was most of my savings..

Can someone send me some links to learn about bankruptcy and suing for bankruptcy [and how the system works in the EU & Japan]

Any help/info is welcome. 

Was it really so that according to the TOS of Mt.Gox, the instant I deposit my BTC to them, it becomes their "assets" that they "owe" me, instead of "customer funds" that they must "safeguard" for me?

If this question is resolved in the only sane manner that it can be ("customer funds" unless EXPLICITLY otherwise stated), it also becomes clear why the contents of the safety deposit boxes are not auctioned when a bank becomes bankrupt, and your car is not sold if you were having it painted when the painting shop goes broke. Instead, you property is returned.

Anyone?

BTC at Mt. Gox is an asset, and at some point in the bankruptcy, will be returned pro rata to the creditors or liquidated and the proceeds returned on a pro rata basis. If you're involved in a lawsuit, you have a voice about how this goes. If not, you don't.

The guy behind "mtgoxrecovery.com" seems to be the only creditor who is actually represented at the Tokyo District Court. Any creditor has the right to be, but they have to show up through a lawyer.

Is this the same suite as http://blog.mtgoxrecovery.com/?

if you had BTC at MtGox, you should certainly not join this lawsuit.  The lawyers specifically stated that they are only going for fiat.  Which means your BTC will become worthless.  A simple solution which will make the lawyers and Mark very rich, as well as satisfy all fiat creditors, is this:

o Shill & Co Ltd buys MtGox and promise to pay back all creditors in JPY.  BTC and fiat converted to JPY at market value.
o Shill & Co Ltd sells most of their 202k BTC on the market in one go.  This will raise enough money to pay the fiat debt, and drop the BTC price to ~0.
o Shill & Co Ltd calculate what they owe you.  The market value of your 50 BTC will be less than 10 USD after the price drop.

At the end Shill & Co Ltd pay all their creditors and shut down, releasing the profit to their owners.  Mark will probably get a large share of it.  The lawyers will get their share of what MtGox owed the fiat creditors who joined the lawsuit.  The entire bitcoin industry will be left in ruins.

This is why you should make sure that your lawyers will work to get your BTC back as BTC, not fiat.  Do you want your BTC, or do you want to make Mark Karpeles a very rich man?  I don't think the BTC price will increase significantly as long as there is a slight possibility that MtGox, or a buyer, can get away with paying BTC debt with fiat.

I have had 12 bitcoin at MtGox and now I wonder if it is possible to return it back or not??? A lot has happened and now I am totally confused what to think

Have (had?) 50 btc at Mt. Gox. How to join the class action lawsuit?

I've had almost 11 BTC inside my MtGox account. I even tried to withdraw at the end of January to my bank account, after that I converted back to BTC and executed a bitcoin transfer, which was still pending when MtGox shutted down. How do I join the multi suit? Thanks!!

Hi, Btw: where we can fill the claim in bankruptcy court? I guess we have still to wait for further info at http://mtgox.com?

Hi everyone,

I was also an unfortunate Gox-supporter with 53 BTC invested. I would like to join the suit if possible.


Cheers,

fgbits

We should better don't sue them until we all get our bitcoin out.

I think you should join if your account balance was $ 1000. You also should have somewhere stored your communication with mtgox and your account statements or something similar what proves you still had money there.

Hi Guys,

I had a balance in MT.Gox of 1000$ (not in BTC) that I withdrawn.

The bank transfer process to my bank account failed and they stopped replying my Emails couple of weeks before the bankruptcy.

Can I join the suit?


Thanks


Oded

I totally agree ...

If I had over 1/2 a Billion $$$'s I would buy out Gox, pay everyone back, and re-launch with a new brand.
I have great memories of the first major bull run, and was a huge supporter of Gox.
...and I admit to being very wrong.
Gox had a 80 to 90% market share and the chances of them blowing it seemed so small...

@Sturle,

HEY STURLE WHERE ARE YOUR MTGOX POM POMS AND CHEERLEADING SKIRT?

LOL

The guy is a dirtbag. He is backpedaling now on all the support he has ever given MTGOX.

LOL so funny to see people do this when they are proven wrong.

Not once did he ever admit he was wrong or may be wrong.

Funny how a thread this guy started becomes "off topic" after he's caught lying.

I expect more and more legal actions soon. I actually expect there are ones not even mention on this forum.