What are /r/mtgoxinsolvency's favorite Products & Services?

From 3.5 billion Reddit comments

No, the court hasn't decided against BTC-claims. The decision most likely means that the man will simply have to go through the bankruptcy procedure, as the rest of us. Top HN post here is giving a quite plausible explanation, IMO: https://news.ycombinator.com/item?id=10021711

Here's a handy link to know when the meeting is happening (not sure about the ending time, though). Less than 7 hours from now!

https://www.worldtimebuddy.com/?qm=1&lid=1850147,2950159,5128581&h=1850147&date=2021-10-20&sln=14-16&hf=1

It is perfectly possible, despite the fact the 100% redemption announce timing is suspiciously right after banking problems started (March 31st) and first public sign of it (lawsuit, April 5th).

Irrelevant of the current situation, I would strongly recommended to withdraw any funds/coins held with Bitfinex as soon as possible, as there is no guarantee transfers will resume and there is no point keeping anything there for now.

As I understand it, part of the whole liquidity loss it due to not backed margin trading by Karpeles, called "Markus activity", "Willi bot activity" or "exchange of obligations".

In regard to this chart (https://tinyurl.com/y893qmcf) I really dont understand, why Mark sold so many BTC, when the price was low and bought huge amounts of BTC after price skyrocketed? The person sittting behind the 80% market share BTC exchange, should have a good guess on how the price develops, being able to see the real in- and outflows of BTC and fiat money. Its just unbelievable that a huge amount of BTC was solt untill 12.2013 and after that many BTC were bought after that, when the price increased by magnitudes. It seems to be so irrational...

Furthermore, the bot activity (unbacked margin trading) was a continous buy and sell activity, and also as unprovedly stated the by the Wizsec guys the "theft" of BTCs was also a continous activity and not due to discrete "theft" events. I just see a similarity here.

The website is up, but as it says in the CR announcement the login functionality is disabled until further notice.

If you want to keep checking it daily for changes you are best off using a bot to do it for you eg https://visualping.io

Check formatting, hard to read such a large paragraph. Also, towards the end it repeats (copy and paste malfunction?). I find the Hemingway way app extremely useful for writing:

http://www.hemingwayapp.com/

According to his Linkedin profile this guy has some sort of investment background so he could be in the known.

I want to believe, but lacking more sources I give this a 2% chance of being true.

Is your name on the spreadsheet? and is it approved and the right amount? If not you're probably screwed, but I guess you could attempt to write to the bankruptcy administrator.

I will post a result link after 48 hours.

EDIT: Since the 100 response limit is already hit, I might as well post the results right now.

quick summary:

• 83% thinks we will get something back
• 29% of these 83% thinks we'll get 40% or more, to me this seems very unlikely so I kinda imagine these are just trolls that think I'm Kobayashi and wanna fake high expectations, well all I can say is that I'm not.
• If we exclude the extremes, then 24% thinks we"ll get between 20 and 25%, 22% thinks we"ll get between 15 and 20% and 17% thinks we'll get between 10 and 15%
• More than 85% thinks we'll get paid in 2015 or 2016
• 55% doesn't believe in a revive plan

All by all there's still a positive vibe here, which was to be expected in this sub of course because only people that still have some hope follow this sub.

The website is up, but as it says in the CR announcement the login functionality is disabled until further notice.

If you want to keep checking it daily for changes you are best off using a bot to do it for you eg https://visualping.io

Download this pdf, check to see if your name's on there. If it is, you're good to go. If not, sad times.

Hello u/ProperGoose4568

We have made many improvements since then. Here you can browse the support article to learn more about the fee structure for each of our offerings.

Have a great day.

Kiki from Kraken Support

I recently received an email from 1password.com (which I don't use) that says this:

​

----------------------

Please confirm your email address

Enter this code on the 1Password verify page to continue signing up:

(redacted)

This code expires in 24 hours. Once it expires you’ll have to sign up again.

Need help? Contact 1Password support.

------------------

​

My email is my name at gmail. Obviously, I didn't confirm it. Not sure what they can do with this.

> On May 23, 2014, I, as the bankruptcy trustee and foreign representative of MtGox, Co., Ltd. (a/k/a MtGox KK), filed the Amended Verified Petition for Recognition and Chapter 15 Relief [Docket No. 126] (the “Amended Recognition Petition”) in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division.

The Japanese Trustee filed something asking for recognition of the Japanese proceedings and a Chapter 15 designation.

> Please find attached a copy of the Notice of Recognition Hearing, which is scheduled for June 17, 2014 at 9:30 a.m.<x-apple-data-detectors://2> (prevailing Central U.S. Time), and will take place before the Honorable Stacey G.C. Jernigan, at the United States Bankruptcy Court, Northern District of Texas, 14th Floor, 1100 Commerce Street, Dallas, Texas 75252<x-apple-data-detectors://3>. The attached Notice of Recognition Hearing also sets forth the requirements for filing any responses to the Amended Recognition Petition, which responses must be filed with the court and served on the parties specified in the notice on or before June 6, 2014 at 4:00 p.m.<x-apple-data-detectors://4> (prevailing Central U.S. Time).

A notice of the hearing is attached, the hearing is on 6/17. If you want to object to his filing asking for recognition, the notice will tell you how. Get your objections in by 6/6, 4 pm Central Time.

Edit - I pulled the memo in support of foreign recognition from the court site and uploaded it here, but PDF warning. Same for the amended petition. There isn't anything interesting in there that we don't know already and the memo in support is just legal argument that Japan should deal with it because it was a Japanese company.

No, in fact I emailed their law office to offer assistance in claiming them and I never heard back. They could totally claim the airdrops without compromising the currently held BTC, I am just not sure that they want to.

We now have 3 assets connected to the GOX BTC that could help creditors gain back some value they have lost. At the current market rate, these assets are worth approximately...

• Bitcoin Cash... $125,551,000 USD
• Stellar Lumens... $4,188,000 USD (Deadline is tomorrow, with a possible extenstion) https://www.stellar.org/community/bitcoin-lumen-program-extension-exchanges
• ByteBall... $484,120 USD (Distribution round happening on September 6th)
• Total... $130,223,000 USD / 14,242,815,000 JPY

Now I understand those coins couldn't be liquidated instantly for that much, but they could be liquidated over a longer period, to not disturb the markets as much.

u/magicaltux Is there anything you could do to help the trustee understand the situation? It would be great to get this value to the creditors eventually.

Correct. I read it again and saw the key words that indicate it really "wasn't a real choice".

PREFERRED METHOD OF PAYMENT FOR DISTRIBUTIONS (SURVEY) The bankruptcy trustee is conducting this survey to investigate the creditors’ preferences. The bankruptcy trustee will determine the formal distribution process at a later stage. If the bankruptcy trustee decides to make any distribution in Bitcoin, the bankruptcy trustee will ask for each creditor’s choice of payment again.

Please select: * I/We would prefer to receive distributions in Bitcoin. I/We would prefer to receive distributions in cash.

Please note: If the bankruptcy trustee makes a distribution in Bitcoin, such distribution will only be made through Kraken. Accordingly, if a bankruptcy creditor wishes to receive a distribution in Bitcoin, such bankruptcy creditor must be registered as a Kraken user through www.kraken.com (https://www.kraken.com/).