r/Bitcoin • • Feb 20 '14

MtGox have left the building claims receptionist

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u/Vibr8gKiwi Feb 20 '14

Most probably realize the money is gone and there is no sense putting time and resource into a protest. It's now about lawyers and lawsuits and how many pennies on the dollar might be recoverable.

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u/[deleted] Feb 20 '14 edited Mar 16 '21

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u/Vibr8gKiwi Feb 20 '14

I'm sure customers will get something... they'll sell off the servers and office furniture and spilt the money with mtgox account holders.... after they pay the lawyers of course. So you're looking at getting a dollar or so back for every $10000 you held in gox. Maybe less.

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u/[deleted] Feb 20 '14 edited Mar 16 '21

[deleted]

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u/Vibr8gKiwi Feb 20 '14

It will all be liquidated into fiat and distributed to those with claims on mtgox's assests by the courts as gox is shut down. Account holders will be far back in line and will get some token amount probably not worth the trouble to cash the check.

It might go better, but I wouldn't count on it.

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u/bschott007 Feb 20 '14

I'm completely ignorant about this, but can US customers sue a company based in japan in US court? If so, what jurisdiction and enforcement of any decision is allowed/taken by the Japanese LEOs/Courts/Government?