4 ms·

Tangent: have the MtGox lawsuits finished? It seemed the main personas are bound to secrecy until they conclude, but that there is a lot of incorrect speculatio

Tangent: have the MtGox lawsuits finished? It seemed the main personas are bound to secrecy until they conclude, but that there is a lot of incorrect speculation on what happened in the collapse

koboll 5y ago
I'd like to get my $10 of Bitcoin back. Could buy a decent car with it now.
- elif 5y ago
  In that case, it could be in your best interest for the court case to last a decade, when you can buy a decent beach house.
  - Scoundreller 5y ago
    That's the irony of mtgox, it forced users to hodl that may have sold when they only 10x'd their money or whatever. Or otherwise lost it for good in non-exchange ways.
vessenes 5y ago
Nope! Still ongoing in Tokyo district court. I worked with Fortress 2019-2021 to get a deal for creditors to have an early out, though. The Trustee agreed to give creditors a rapid exit option in December of 2020, and scheduled the vote for the ‘quick’ exit for .. wait for it.. October 2021. If creditors approve that plan, then they’ll have an option for an early payout. I have no idea what quick means to Kobayashi though, given that the bankruptcy has taken like 7 years at this point.
- pakitan 5y ago
  Don't try to paint yourself as the good guy, Peter Vessenes. You may be able to bamboozle someone who is not familiar with the process but not me. The "option for an early payout" is not something to be proud of. Your company Coinlab, with the ridiculous, meritless, $16 BILLION claim, engineered with the sole purpose to block payments to creditors, so you can extort us, is the sole reason we will not be able to get the full amount that is owed to us, once the voting is done. Instead, we'll be forced to take a 10% cut if we want to take the "early payout". Don't put this on the trustee. While he may not be moving at the speed we would like, he is following Japanese law and Japanese court orders. You, on the other hand, are a cunning extortionist, trying to get your hands on our money.
- deltanine99 5y ago
  So when your meritless lawsuit eventually gets laughed out of court, will you get any money from fortress in this shady deal you made with the trustee?
- tinco 5y ago
  Yet you kept this deal secret for those creditors, until the point where they had no option but to accept it. The reality of it is that you just colluded with Fortress to cheat the creditors out of millions.
- zylstra 5y ago
  Oh wow, is this for real? Peter Vessenes is the scum of the earth.
deleted 5y ago
[deleted]

Tangent: have the MtGox lawsuits finished? It seemed the main personas are bound to secrecy until they conclude, but that there is a lot of incorrect speculation on what happened in the collapse

koboll 5y ago

I'd like to get my $10 of Bitcoin back. Could buy a decent car with it now.

elif 5y ago
In that case, it could be in your best interest for the court case to last a decade, when you can buy a decent beach house.
- Scoundreller 5y ago
  That's the irony of mtgox, it forced users to hodl that may have sold when they only 10x'd their money or whatever. Or otherwise lost it for good in non-exchange ways.

vessenes 5y ago

Nope! Still ongoing in Tokyo district court. I worked with Fortress 2019-2021 to get a deal for creditors to have an early out, though. The Trustee agreed to give creditors a rapid exit option in December of 2020, and scheduled the vote for the ‘quick’ exit for .. wait for it.. October 2021. If creditors approve that plan, then they’ll have an option for an early payout. I have no idea what quick means to Kobayashi though, given that the bankruptcy has taken like 7 years at this point.

pakitan 5y ago
Don't try to paint yourself as the good guy, Peter Vessenes. You may be able to bamboozle someone who is not familiar with the process but not me. The "option for an early payout" is not something to be proud of. Your company Coinlab, with the ridiculous, meritless, $16 BILLION claim, engineered with the sole purpose to block payments to creditors, so you can extort us, is the sole reason we will not be able to get the full amount that is owed to us, once the voting is done. Instead, we'll be forced to take a 10% cut if we want to take the "early payout". Don't put this on the trustee. While he may not be moving at the speed we would like, he is following Japanese law and Japanese court orders. You, on the other hand, are a cunning extortionist, trying to get your hands on our money.
deltanine99 5y ago
So when your meritless lawsuit eventually gets laughed out of court, will you get any money from fortress in this shady deal you made with the trustee?
tinco 5y ago
Yet you kept this deal secret for those creditors, until the point where they had no option but to accept it. The reality of it is that you just colluded with Fortress to cheat the creditors out of millions.
zylstra 5y ago
Oh wow, is this for real? Peter Vessenes is the scum of the earth.

deleted 5y ago

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