Author: Andy Pag

We are working in tandem with another legal bid to get CR approved by the court. The other legal team has asked us to help by submitting an opinion on CR commencement so he can include it with his submission to the trustee. Request for cooperatioin with a survey_180407 Our suggestion is to change the…

A lot has happened since the last update and I’m glad to finally have time to update the blog. Firstly the Examiner recommended the court approve CR. This is great news. However there are apparently some difficulties that he highlighted, which he left to the court to solve. The concern for us is that unless…

Our lawyer is soliciting expert opinions from a scholar and judge to present to the examiner who is assessing if CR can be approved. The experts will hopefully give an opinion on how the two challenges mentioned in the last blog can be approached, in a way that legally allows for CR. The aim is…

The court-appointed Examiner will rule on recommending CR to the court at the end of Feb. There is one sticking point our lawyer has highlighted: CR requires all creditors (fiat and BTC) to be treated equally, so the surplus must be shared out in a way that treats all creditors the same. But doing so…

DISCLAIMER: This blog entry has been prepared for general information purposes only to permit you to learn about MtGox Bankruptcy. The information presented is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice. Communication on this website does not create or constitute an attorney-client relationship.…

The group has voted by a large margin to share the legal advice we have received. Sekido has provided the following advice. Below it are notes from the phone conversation I had with him: November 21, 2017 Dear Bitcoin Creditors: Mori Hamada & Matsumoto Mugi Sekido Dai Katagiri Naoki Shiraiwa PROPOSAL REGARDING BANKRUPTCY CASE CONCERNING…

DISCLAIMER: Our lawyer has reported back asking for more time (about 2 more weeks) to investigate options further. As such he hasn’t presented a formal legal opinion to us yet. I’m very happy to be able to share this information, (a large majority of the creditors in the group that paid for this advice, who…

We haven’t received the full advice today, but we have been given a briefing with significant hints on where the lawyer thinks we will need to go, legally. The good news is that this will be something that can benefit all creditors. And it may not require any direct commitment to a success fee. We…

This week we have elected a Governance Board to oversee the administration of the group. Their role is to act as a sounding board for me, and to provide advice, as well as acting as a check and balance. They also have the power to replace me if necessary. Their forum names are yyy, anders…

Owner of failed Mt. Gox bitcoin exchange, who lost $500m of customers money, in line for over $700m of their funds, due to legal black-hole. The owner of the bankrupt Mt. Gox bitcoin exchange, who designed its security system, but didn’t notice repeated thefts over three years leading to losses of almost $500m of customer’s…