A cooperative of Mt. Gox Bitcoin creditors
Per the result of our vote, we will be running a fundraiser to inquire the trustee of the current distribution situation. Please follow the instructions below to contribute. Ways to donate 1. Card payment. Payment form 1 (might not work with some EU cards): Payment form 2 : If the payment form 1 does not…
12 August 2021. Creditors in the MtGox bankruptcy case are eligible to vote for approval or rejection of the Civil Rehabilitation (CR) plan proposed by the court appointed Trustee. The MtGox Legal cooperative urges all members and all other creditors to approve the Trustee’s proposed CR plan as soon as possible, no later than October…
Last month, in May, we started a pre-fundraiser, not to run out of money before we could start a proper fundraiser. Now we are in a position to do a proper fundraiser, meaning we have a non-profit organisation (NPO) set up and a new banking relationship in the NPO’s name. We have been able to…
I was able to meet the Trustee to present our updated CR plan, and was please by his receptive response. This document update was compiled in consultation with all members of the group through the forum and with our lawyer. CR plan outline March 19 – final2
I attended the meeting with a whispering translator, who is up to date with the case and did a great job, so I feel I understood the meeting well. There were about four creditors from the group who attended, and a few others creditors too. There were lots of lawyers too. One law firm sent…
Six months ago I asked you for money to fund Mt Gox Legal up to the point of CR being confirmed and you generously delivered. Since then the Trustee has extended the deadline by two months, and we need funding to cover that extra time. The priorities I and the Governance Board are working on…
February has brought two big pieces of news. 1 important, 1 trivial. Trivial first. Gox Rising / Gox Recovery have suggested a plan to pay to restart Mt Gox and give a share to creditors. That all sounds great on the surface, but the devil will be in the detail, which has been deafening by…
UPDATED: 8/12/18 If you missed the deadline to file your claim, there may be three options which might benefit you. Firstly: It seems that people who managed to log in to the claim filing system before the deadline, but didn’t file a claim are being given a further month to file online. Secondly: If you…
The next creditors meeting is due to be held after the CR plan has been submitted and approved by the court. [The CR plan lays out the process by which assets will be distributed to creditors.] We are concerned that this means the trustee can design and submit a CR plan without any formal process…
At the last creditors meeting, the Trustee announced he would be allowing “Self-admission” claims. These are the claims in which the debtor (the trustee) admits to without the creditor making a claim. Our lawyer has been told there are an estimated 75,000 such claims. Many are worth just a few dollars. But in total, he…