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This is what initially happened with MTGox as well. The subsequent increase in value complicating things is a large part of why the MTGox resolution has taken s
by Lerc 2y ago
This is what initially happened with MTGox as well. The subsequent increase in value complicating things is a large part of why the MTGox resolution has taken so long. The original plan to reimburse the yen value of claims at the time of collapse was no longer a fair solution. The payout due now was proposed and voted on by the claimants. The process has been slow but very methodical, at each stage there were long periods where they gave claimants time to respond.
I, for one, would not like to be in charge of pressing the button that distributes several billions of dollars to thousands of different people without it fucking up. If someone is doing that this July you would hope that they have dotted all their Is and crossed all their Ts.
- antifa 2y agoI'm ready for the button presser to say "Oops! I got hacked, sorry it's all gone again."