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A happy result for all involved. Karpeles was appropriately punished and all investors are being made whole. Most bankruptcies don't end that way.

viraptor 8y ago
Not quite. Creditors get back all the fiat which was on their account. But they will not get a full refund of BTC. There's just not enough to distribute. Also it's all in the future. The distribution had not happened yet and many details have not been published.
- topmonk 8y ago
  Yes, but, would all the people who deposited BTC realistically would have not cashed out before now? Most likely a lot would have cashed out after a 2x or 3x return on their investment. They are really lucky as it is.
  - h1d 8y ago
    The decision was made solely by the trustee for all the benefit but yet people call him the Tokyo whale who crashed the market in 2018. (Which is BS considering it was about to explode anyway when the price went up 20x.)
deleted 8y ago
[deleted]
jasonzemos 8y ago
I'm still out plenty of money thanks to Karpeles that I'll never see again. Not a happy result for me, sorry, no.
- inuhj 8y ago
  Same, not counting the money I lost due to his scam trading bot that was front running the market. I think 5 years would be a light sentence here.
  - icebraining 8y ago
    I'm out of the loop, why do you say he was front-running the market? EDIT: I found https://twitter.com/grace_za/status/1016688636304265216 https://twitter.com/grace_za/status/1016688636304265216
- stouset 8y ago
  You don’t consider your own lack of caution to be a component in this loss?
  - watwut 8y ago
    That is irrelevant offtopic. Just because it is possible to figure out fraud does not make it any less fraud.
- topmonk 8y ago
  I said being made whole. Justice takes time.
  - GenericsMotors 8y ago
    In this case it will probably tend to infinity.
    - topmonk 8y ago
      Why do you say that? They have $630 million in BTC tied up right now.
colek42 8y ago
Really?, they still have about .5 Bitcoin of mine
Nanocurrency 8y ago
I'm not being made whole. All investors that found out in time about the recovery process are being made whole; the rest of us - who haven't applied - are left with nothing.

viraptor 8y ago

Not quite. Creditors get back all the fiat which was on their account. But they will not get a full refund of BTC. There's just not enough to distribute. Also it's all in the future. The distribution had not happened yet and many details have not been published.

topmonk 8y ago
Yes, but, would all the people who deposited BTC realistically would have not cashed out before now? Most likely a lot would have cashed out after a 2x or 3x return on their investment. They are really lucky as it is.
- h1d 8y ago
  The decision was made solely by the trustee for all the benefit but yet people call him the Tokyo whale who crashed the market in 2018. (Which is BS considering it was about to explode anyway when the price went up 20x.)

deleted 8y ago

[deleted]

jasonzemos 8y ago

I'm still out plenty of money thanks to Karpeles that I'll never see again. Not a happy result for me, sorry, no.

inuhj 8y ago
Same, not counting the money I lost due to his scam trading bot that was front running the market. I think 5 years would be a light sentence here.
- icebraining 8y ago
  I'm out of the loop, why do you say he was front-running the market? EDIT: I found https://twitter.com/grace_za/status/1016688636304265216 https://twitter.com/grace_za/status/1016688636304265216
stouset 8y ago
You don’t consider your own lack of caution to be a component in this loss?
- watwut 8y ago
  That is irrelevant offtopic. Just because it is possible to figure out fraud does not make it any less fraud.
topmonk 8y ago
I said being made whole. Justice takes time.
- GenericsMotors 8y ago
  In this case it will probably tend to infinity.
  - topmonk 8y ago
    Why do you say that? They have $630 million in BTC tied up right now.

colek42 8y ago

Really?, they still have about .5 Bitcoin of mine

Nanocurrency 8y ago

I'm not being made whole. All investors that found out in time about the recovery process are being made whole; the rest of us - who haven't applied - are left with nothing.