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Welcome

This site is for all creditors of the Mt Gox bankruptcy proceedings. We’re coordinating legal action to stop more than $2,000,000,000 surplus from going to the people responsible for the exchange when it was hacked, and instead, have it shared among creditors who were victims of crime. This is a grass roots co-operative, not a commercial venture. This, and adjacent resources, like the member’s forum, and the wiki are created by members, for members.

TO JOIN THE CO-OPERATIVE CLICK HERE

We are currently over 1000 creditors. Each has contributed $100. We represent an estimated claim size of over 150kBTC, making us the largest body of creditors. We’ve hired a lawyer from a top-4 Japanese law firm. We have a volunteer administrator employed by this group and a team of others who help in different ways. And we are growing. If you are a Mt Gox creditor, please join us to share the costs and the advice of our lawyer.

Background

In 2017 the price of BTC climbed so high, the Mt Gox estate had more assets than liabilities. To prevent the surplus going to the people who ran the exchange at the time, we’ve pushed the Bankruptcy into Civil Rehabilitiation. But now things are being held up by other claims.

There’s no clarity on when this will be resolved but we’re working on making it happen as fast as possible.

The legal work costs money and this website is to coordinate that fundraising and share information that comes from our lawyers.

The priorities for the legal challenge are;

  • To obtain a distribution which allows creditors to benefit fully from excess value created by the asset they were invested in at the time of bankruptcy.
  • Prompting a timely distribution as assets become available.
  • To see what assets can be recovered from BTC-e seizure in the US
  • To foster a better communication channel with the trustee

Please note: The advice and legal understanding on this public website is opinion, and does not constitute legal advice.

Data usage

We don’t need your ID or any claim details. The only data we need from you is an email address so we can create a login for the forum. Many people have created a new email address to use just for this, in order to protect their anonymity. Forum IDs are pseudonymous.