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Topic: MtGox withdrawal delays [Gathering] - page 29. (Read 908459 times)

legendary
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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
February 08, 2015, 12:35:29 PM
and even after pages and pages here in this topic we don't have an idea where are our bitcoins Sad
full member
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February 07, 2015, 02:21:45 PM

Did the MtGOX victims warn the Court and Kobayashi about Jesse Powell's close involvement with Mark and MtGOX in 2011?  On that occasion, Jesse Jesse got to see and fix the insides of the system...

Kraken = son of Sunlot?
hero member
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February 07, 2015, 02:07:05 PM
(2) Mark Karpeles was asked to sign a non-disclosure agreement (NDA). He talked about this on Reddit. Who, or what does this NDA protect?

Mark has lied before, so, whatever he said or says (except in an official deposition, under penalty for perjury) should be ignored.

Ukyo of BitFunder also claimed to have signed an NDA at the demand of US authorities.  That a convenient excuse to refuse to answer hard questions.

Quote
Now the trustee says he will "take necessary measures with respect to collection of receivables due from affiliated companies, etc." He apparently must be talking about two bankrupt/defunct entities, Tribanne and Bitcoin Cafe. If so, then why waste his time on collecting money from two broke companies?

Neither company was officially bankrupt.  Bitcoin Cafe was non-functioning, but Tibanne still was functioning after a fashion. IIRC it was trying to sell the trademark "bitcoin" and/or the DNS name "bitcoin.com", that it acquired before MtGOX's collapse.  Tibanne also claimed to be a creditor of MtGOX, since the staff was hired by Tibanne and provided by Tibanne to MtGOX; and Kobayashi had to authorize that payment.

But now Mark is refusing to repay the loans that he made to Tibanne and Bitcoin cafe (i.e., to himself).  So Kobayashi has formally asked for Tibanne to be placed in involuntary bankruptcy.  I understand that it is a necessary step to get an investigation of Tibanne's aaccounting, and perhaps getting Mark personally liable for the loan.

Quote
This month marks the first anniversary of the closure of Mt. Gox. When it closed down almost a year ago, we thought we knew (because they told us) that Mt. Gox had been hacked. Now we know even less than we thought we knew back then.

It was mark who claimed that the site had been hacked.  We now know that there was some internal foul play.  The police investigation is still udnerway, I believe.

Did the MtGOX victims warn the Court and Kobayashi about Jesse Powell's close involvement with Mark and MtGOX in 2011?  On that occasion, Jesse Jesse got to see and fix the insides of the system...
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February 07, 2015, 01:44:19 PM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf
"...I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."
What "affiliated companies, etc"?
It may be an incorrect translation from the Japanese.  He must be referring to Tibanne and the Bitcoin Cafe, which could be said to be "connected" or "related" to MtGOX.  "Affiliated" (from the Latin for "child") means "subordinated to" or "owned by"; the subtle distinction may have been missed by the translator.
Original Japanese is literally described as "Related Companies", and I don't see any missing points from the translator.

Thanks.  Tibanne and Bitcoin Cafe are certainly "related" to MtGOX but not "affiliated" to it.
Three points:
(1) The great atmosphere of secrecy Kolin Burgess says is "sprinkled over everything like an artificial sweetener to hide things we're not going to like, cover up poor progress, avoid answering awkward questions etc." (See mtgoxprotest.com)
(2) Mark Karpeles was asked to sign a non-disclosure agreement (NDA). He talked about this on Reddit. Who, or what does this NDA protect?
(3) Kobayashi's plan to have the Mt. Gox servers wiped before turning them over to Kraken (which could more or less destroy the possibility of doing any sophisticated data recovery on them.)

Now the trustee says he will "take necessary measures with respect to collection of receivables due from affiliated [sic 'related'] companies, etc." He apparently must be talking about two bankrupt/defunct entities, Tibanne and Bitcoin Cafe. If so, then why waste his time on collecting money from two broke companies?

This month marks the first anniversary of the closure of Mt. Gox. When it closed down almost a year ago, we thought we knew (because they told us so) that Mt. Gox had been hacked. Now we know even less than we thought we knew back then.

Can this rabbit hole that we've fallen down still get even murkier yet?
hero member
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February 07, 2015, 10:22:38 AM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf
"...I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."
What "affiliated companies, etc"?
It may be an incorrect translation from the Japanese.  He must be referring to Tibanne and the Bitcoin Cafe, which could be said to be "connected" or "related" to MtGOX.  "Affiliated" (from the Latin for "child") means "subordinated to" or "owned by"; the subtle distinction may have been missed by the translator.
Original Japanese is literally described as "Related Companies", and I don't see any missing points from the translator.

Thanks.  Tibanne and Bitcoin Cafe are certainly "related" to MtGOX but not "affiliated" to it.
legendary
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Strange, yet attractive.
February 07, 2015, 10:08:18 AM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf

"...I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."

What "affiliated companies, etc"?

It may be an incorrect translation from the Japanese.  He must be referring to Tibanne and the Bitcoin Cafe, which could be said to be "connected" or "related" to MtGOX.  "Affiliated" (from the Latin for "child") means "subordinated to" or "owned by"; the subtle distinction may have been missed by the translator.

Doubt if Bitcoin Cafe has enough left to buy a latte.

Agree. He drank all the frappuccinos himself... Grin
sr. member
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Seabet.io | Crypto-Casino
February 07, 2015, 07:49:15 AM

Original Japanese is literally described as "Related Companies", and I don't see any missing points from the translator.

https://www.mtgox.com/img/pdf/20150202_tibanne.pdf

"...I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."

What "affiliated companies, etc"?

It may be an incorrect translation from the Japanese.  He must be referring to Tibanne and the Bitcoin Cafe, which could be said to be "connected" or "related" to MtGOX.  "Affiliated" (from the Latin for "child") means "subordinated to" or "owned by"; the subtle distinction may have been missed by the translator.
full member
Activity: 238
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February 07, 2015, 07:10:52 AM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf

"...I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."

What "affiliated companies, etc"?

It may be an incorrect translation from the Japanese.  He must be referring to Tibanne and the Bitcoin Cafe, which could be said to be "connected" or "related" to MtGOX.  "Affiliated" (from the Latin for "child") means "subordinated to" or "owned by"; the subtle distinction may have been missed by the translator.

Doubt if Bitcoin Cafe has enough left to buy a latte.
hero member
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Merit: 1003
February 07, 2015, 06:16:32 AM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf

"...I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."

What "affiliated companies, etc"?

It may be an incorrect translation from the Japanese.  He must be referring to Tibanne and the Bitcoin Cafe, which could be said to be "connected" or "related" to MtGOX.  "Affiliated" (from the Latin for "child") means "subordinated to" or "owned by"; the subtle distinction may have been missed by the translator.
full member
Activity: 238
Merit: 100
February 07, 2015, 03:54:49 AM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf

"...I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."

Damn! I didn't mean TODAY!!!  ;Dc


What "affiliated companies, etc"? Kobayash could be talking here about collecting those 650,000 missing BTC from some previously undisclosed affiliate, or else he means getting those $26 million in bank deposits back that have vanished. MK said on Reddit that he couldn't talk about what really brought down Mt Gox, because he had signed a NDA.

Since the Tokyo police have already concluded that virtually all the bitcoins disappeared through insider fraud, who exactly does this NDA protect that he claims to have signed, or is this all B.S.? Is there some entity out there that now holds some, or all, of the missing coins and bank deposits upon whom Kobyashi can collect? In that case, perhaps MK is worried that Kobayashi will enforce the NDA if he leaks about it?

Kobayashi should come clean about exactly who this holder is, if one exists, as well as the last Mt. Gox addresses of the missing bitcoin. If he could be one to stretch the meaning of words a tad, with all his talk of "affiliated companies, etc.", then he could be making himself party to a hoax of monumental proportions.
legendary
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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
February 05, 2015, 05:29:19 PM
don't know if it comes to an end soon or not but yes it's my feeling we are very close...
what i know is that i have lost my bitcoins on mtgox.com Smiley and also i believe he can sell the domain but they have adviced him not to..because will have to show incomes for that and also have adviced him not to pay back anything to mtgox, of course just my feeling... but if you go back in this post you will see my first feeling that will close everything down is correct as we see Smiley

legendary
Activity: 1484
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Strange, yet attractive.
February 03, 2015, 10:22:54 AM
I don't think it will be possible for him to sell anything under the current conditions. Like you said earlier, the story comes to an end soon...
legendary
Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
February 03, 2015, 08:15:08 AM
and after this i just visited www.bitcoins.com and this is what it shows :

legendary
Activity: 1124
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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
February 02, 2015, 03:09:04 PM
like i said before .... this leads us to the point that Mark is closing everything in order not to pay any loans .....
he was expecting also to sell www.bitcoins.com in order to give back something but as we can see nothing yet....
legendary
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Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
February 02, 2015, 02:50:38 PM
today when i went out for a cup of coffee with a friend, without reading anything of course i told him from a feeling i had: Mate this month we are going to have news on gox and there we are Smiley
legendary
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Strange, yet attractive.
February 02, 2015, 02:49:43 PM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf

"While I have continually and strongly claimed against TIBANNE Co., Ltd. (“TIBANNE”), which is the parent company of MtGox Co., Ltd. (“MtGox”), for repayment of the loan receivables that MtGox has against TIBANNE, repayment from TIBANNE has not yet been made. Accordingly, on January 29, 2015, I applied for commencement of the bankruptcy proceeding for TIBANNE, as a creditor thereof, with permission from the Tokyo District Court. In response, on January 30, 2015, the Tokyo District Court issued an order of commencement of the bankruptcy proceeding for TIBANNE.
I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."

Damn! I didn't mean TODAY!!!  Grin
member
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February 02, 2015, 11:29:35 AM
https://www.mtgox.com/img/pdf/20150202_tibanne.pdf

"While I have continually and strongly claimed against TIBANNE Co., Ltd. (“TIBANNE”), which is the parent company of MtGox Co., Ltd. (“MtGox”), for repayment of the loan receivables that MtGox has against TIBANNE, repayment from TIBANNE has not yet been made. Accordingly, on January 29, 2015, I applied for commencement of the bankruptcy proceeding for TIBANNE, as a creditor thereof, with permission from the Tokyo District Court. In response, on January 30, 2015, the Tokyo District Court issued an order of commencement of the bankruptcy proceeding for TIBANNE.
I, as the Bankruptcy Trustee of MtGox, will continue to make efforts to take necessary measures with respect to collection of receivables due from affiliated companies, etc."
full member
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DIVERGENT OTC MARKET FOR DISTINCTIVE ASSETS!
February 02, 2015, 10:28:53 AM
I believe that we will have some movement on Gox on the next few days/weeks. A year has passed and everybody seems to be aware of what happened, except for the people who lost money over this. Sad

Well i only lost $214 c:
But friend lost bit over $14k Sad
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
February 02, 2015, 07:27:29 AM
I believe that we will have some movement on Gox on the next few days/weeks. A year has passed and everybody seems to be aware of what happened, except for the people who lost money over this. Sad
legendary
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https://gliph.me/hUF
February 02, 2015, 01:37:20 AM

This article, posted March 2014, is outdated about the alleged "hack", but has some interesting trivia about MtGOX:
http://www.wired.com/2014/03/bitcoin-exchange/

I wasn't aware that Jesse Powell, who founded Kraken, was a close friend of Karpelès and Ver; so much that he rushed to help them after MtGOX was hacked for the first time, in 2011.

Is this 2011 ^ event the same event as this one?:

Quote
Remembering the period when Mt. Gox had been taken offline by denial of service attacks, Shrem recounts Karpeles' reaction to the issue:
Quote
“Remember  Mt Gox went down the first time and it was like, a Friday, and Roger and Jessie were helping him out and Roger's [says] to Mark 'what time do you want me come in tomorrow?' like Saturday morning to help”

“Mark's [says] 'no problem, we'll deal with it on Monday', and they're like 'you're shut down, the customers think all of the money's lost, you've been hacked, everyone's flipping out, people have you know [have] hits out on you, you want to go back to work on Monday? He just didn't care about anything”.
http://cointelegraph.com/news/113376/charlie-shrem-mark-karpeles-wanted-to-take-the-weekend-off-after-mt-gox-collapsed

Yes, of course.

You're right, I should have read the Wired article in full, it matches Shrem's account of what happened at the time:

As others have pointed out, Jesse Powell was not a friend of Mark, but a friend of Roger Ver, who was a friend of Mark.

Maybe they became friends? They met again for lunch a month before MtGox went down. Let's call them buddies?  Smiley

Quote
Powell last met with Karpeles in January, before news of the latest hack broke. He now runs a competitor to Mt. Gox called Kraken. They had lunch in Tokyo, and Karpeles seemed unworried about Gox’s future. He was excited about his Bitcoin Cafe. “It was probably some light for them in a very dark world of dealing with banks and customer complaints all day,” Powell says. “I’m sure that Mark has been very stressed for a long time and probably the Bitcoin Cafe was a fun project.” But now that world is even darker.
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