Now that he has successfully sold enough bitcoin & bitcoin cash to cover the ~$414M owed to claimants, he is probably done selling. No coins have moved since Feb 5th.
What happens to the remaining billions? Do the exit scammer get those back?
Imagine how mad you'd be if you lost BTC and got paid back for it at $400 a coin, poor bastards.
Kevin Brooks
Nobody knows yet. They may be given to Mark Karpeles. We'll find out soon.
Ian Cook
I thought we won't know for another 6 months until the next court hearing?
Evan Evans
I think we'll find out sooner but that's just speculation. I wouldn't mind If Mark gets them. I don't think he's dumb enough to dump and tank the market the way the trustee did.
James Brooks
I did. I lost 2873 btc to that fucking shitshow and I'll be fucking damned if I'm taking a $400 per coin payout. I want my 2873 fucking coins back.
Owen Gonzalez
That's still $1.5 million. Better than nothing i suppose.
Connor Mitchell
Jesus user, if you're not LARPing then my condolences
Christian Campbell
Oops, i meant $1.15 million
Christian Price
I say they will liquidate the entire thing
Nathaniel Bennett
>Mark Karpeles > former Mt Gox employee Thomas Glucksmann criticised Karpeles for obsessing over quiche, not bitcoin.
>"He had an interesting passion for quiche," Glucksmann said. "Quiche as in mushroom and onion quiche, or something ... in >the building that we moved to, Mark had also purchased space at the bottom of the building that was going to be the bitcoin >cafe. And initially the concept was for that to be a showpiece for bitcoin where you'd come in, you'd buy your coffee with >bitcoin."
>"But then he actually hired a chef who was a specialist in making quiches. He invested quite a large amount of money in an >oven that was specifically built to cook quiche. It's quite a big distraction from the whole story of Mt Gox."
Henry Cruz
I highly doubt it. That would be idiotic and end the market. Who would want that?
Jackson Jenkins
the whole world can see the funds are available to pay out much more than $400. it's a travesty that such a clear-cut situation is going to return less to the victims than a slip-and-fall scam lawsuit.
your class needs better public relations. this is insane.
Carson Lewis
I agree. I don't get why they didn't just give the coins back instead of tanking the public market. That would have been so much easier. Makes no sense
Easton Anderson
So why is BTC still regularly tanking?
Christian Perez
Just uncertainty in the market right now. People are nervous but they will come back around and everything will go back up
Kevin Perry
Was thinking this would be a good idea. Would any user here be capable of setting up an app or an alarm for phones when the balance moves?
My friend lost 8900 BTC and somehow he hasn't killed himself.
Jayden Bailey
If this isn't a larp, that guy has the strongest will to survive in history.
Gavin Lopez
He became a millionaire (again) and got in with the wrong "partners" who were mafia folks, ended up losing it all and is now being sued by the CFTC for fraud.
Which bubble? I've seen all of them including the bubble from $1 to $30 and back down to 1 cent from the original gox hack back when /g/ was freaking out about it.
I've invested multiple times but unfortunately had to sell each time (at a profit but never made more than a few grand). I've sold in 2012, 2014, and late 2015.
What I have now is my largest investment to date and I'm all in on crypto from here on out.
Evan Morris
I meant Dec 2017
David Thompson
My current round I started investing in 2016 and have not sold anything. I only invested a few grand but am up a decent amount.