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I let my mtgox claim ride and regret it. I could have sold the claim in 2015, bought bitcoin and had far more cash now. The payout will probably come in the ne
by sjducb 3y ago
I let my mtgox claim ride and regret it. I could have sold the claim in 2015, bought bitcoin and had far more cash now.
The payout will probably come in the next 10 years or so.
The problem with letting a cryptocurrency bankruptcy ride is that there isn’t much case law, so before you get paid loads of legal questions have to be settled which can take decades.
If you have an FTX claim then sell it, take the cash and move on.
- Scoundreller 3y agoThere is plenty of case law. Mtgox creditors are just really lucky that they’ll be made more than whole because any excess is supposed to go to the equity holders per bankruptcy law. Of course there will always be situations where someone could have invested reduced immediate proceeds more favourably, but it’s easy to say that in hindsight.
- sjducb 3y agoIt’s been almost 10 years and no-one has been paid. I don’t expect that they will actually start payouts.