Unconfirmed News: Mt. Gox Automatically Filing Creditors for Repayment

Bitinity

legendary

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Quote from: Mandoy on April 23, 2019, 05:50:05 AM

I though this was already a good news to the former clients of Mt. Gox but after reading carefully the refund of the funds or claims were undetermined. I am sad to those creditors will be waiting for a very long time before they will be paid. Well, at least there are updates on the process of the claim. Let us just hope that the exchange is really serious about giving refunds to their clients who lost a fortune because of what happened with their website.

It is still unconfirmed whether the email is real just a fake one. There must be many people share it here in this forum about this email as I believe many people in this forum were MtGox's users.

Mandoy

sr. member

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Aurox

I though this was already a good news to the former clients of Mt. Gox but after reading carefully the refund of the funds or claims were undetermined. I am sad to those creditors will be waiting for a very long time before they will be paid. Well, at least there are updates on the process of the claim. Let us just hope that the exchange is really serious about giving refunds to their clients who lost a fortune because of what happened with their website.

gentlemand

legendary

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Welt Am Draht

It should be pointed out that only those who were fully KYC'd will be eligible for this. I can't imagine that adds up to very many people as it was a different time in a different place.

I find it a bit strange that it wasn't automatic for such people from the start.

dothebeats

legendary

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This is good, though we know that they are probably gonna get the reimbursement in terms of USD equivalent of whatever their BTC balances were during the hack, or perhaps just a portion of what was lost to the creditors back then. I'm not so certain whether this is true or not as there haven't been any official statements released from the side of Mt. Gox or any of their legal counsel as of late, so it's still too early to call it 'quits' for the creditors until it is really confirmed that they will be repaid any time soon.

return21

newbie

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so who is gonna pay? When a company fills for bankruptcy implies there are no funds for any repayment. At most you can get some piece of it, but surely ridiculous for many of the investors.

alisafidel58

full member

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Quote from: Beerwizzard on April 23, 2019, 12:58:00 AM

2. Everyone can type those words on his computer. This screenshot is not legit until we get any official comments about it.

If the email that was leaked were true then a lot of people will be rejoicing that they can finally get their lost crypto but I know for a fact that the process would surely take a long time before it can even happen. Even if we're to take 5-10 years as long as they will be able to give back the crypto that was lost.

Victory4Victor

newbie

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Thanks for informing this, but why didn't other users receive the same email?

Haunebu

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Quote from: Ailmand on April 23, 2019, 01:25:04 AM

That user should have further confirmation about it first. If it's real then every user should receive the same email. There was also an announcement that Mt. Gox victims would be paid within two yeas so expectecting to get paid this month might be too early but I hope that they could get paid really soon.

You are expecting too much. These courts usually drag these cases for years and never reach a verdict within a short period of time based on what I have observed. The investors who invested in Mt.Gox have lost their money and that is the bottom line.

It is a truth which they need to comprehend at the end of the day.

Ailmand

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That user should have further confirmation about it first. If it's real then every user should receive the same email. There was also an announcement that Mt. Gox victims would be paid within two yeas so expectecting to get paid this month might be too early but I hope that they could get paid really soon.

DreamStage

sr. member

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Quote from: Beerwizzard on April 23, 2019, 12:58:00 AM

1. Even if it is true it doesn't mean that everyone would get a decent repayment. When a court admits that some firm got bankrupt and this firm have to pay its debts during bankruptcy then you can find out that you are #9999999 in the list and even your grand sons would grow old before they get your repayment.
2. Everyone can type those words on his computer. This screenshot is not legit until we get any official comments about it.

If you read the topic's subject you know it might not be true as i have stated on the Title: Unconfirmed News
Also saying unconfirmed at Source New's link from Cointelegraph.

Beerwizzard

full member

Activity: 924

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1. Even if it is true it doesn't mean that everyone would get a decent repayment. When a court admits that some firm got bankrupt and this firm have to pay its debts during bankruptcy then you can find out that you are #9999999 in the list and even your grand sons would grow old before they get your repayment.
2. Everyone can type those words on his computer. This screenshot is not legit until we get any official comments about it.

DreamStage

sr. member

Activity: 625

Merit: 258

Users who had bitcoin (BTC) saved at Mt. Gox exchange and filed certain self-admission rehabilitation claims could reportedly receive some of their funds back (unconfirmed).

“The creditors who objected to your self-approved rehabilitation claim withdrew their objections. As a result, the approval of your self-approved rehabilitation claim has become effective, and you no longer need to file an application for claim assessment.”

The email screenshot was shared on Reddit by DerEwige:

Here's the reddit's post: https://www.reddit.com/r/Bitcoin/comments/bg0mqa/mtgox_users_will_all_receive_a_part_of_their_btc/

DerEwige interpreted the email to mean that even Mt. Gox users who failed to fill out a rehabilitation claim after losing their bitcoin have had a claim automatically made in their name, which has now been approved.

According to users in the MtGoxCreditors Telegram channel, self-admission claims that were not claimed in bankruptcy or civil rehabilitation were no longer objected to if the users were able to identify themselves.

The Mt. Gox hack in 2011 was the biggest bitcoin hack the world has seen, with 850,000 BTC (worth about $460 million at the time) stolen. The embattled exchange subsequently collapsed three years later, with 24,000 creditors out of pocket.

In April, Mt. Gox’s trustee announced that all creditors who filed rehabilitation claims had received a decision, but warned the timing and method of repayment had not been determined

Source News: https://cointelegraph.com/news/unconfirmed-mt-gox-automatically-filing-creditors-for-repayment

Topic: Unconfirmed News: Mt. Gox Automatically Filing Creditors for Repayment (Read 244 times)