The MtGox payout was 5¢ on the dollar & it looks like somehow MtGox gets to keep a bunch of #bitcoin... It's amazing how fucked up the "legal" system really is. Fucking criminal clown world.
Discussion
They get to keep some?!
is this true? damn. source?
Yes source please, I got ~20 % of BTC back, in $ terms it was ~ 19x or so. Sure 80% still lost but nobody thought that they will get anything back at all after a few years.
I was owed 11btc & change & I got just over half a bitcoin, how did you get ~20% if I only got ~5%?
Something must be wrong then, fortunately I only lost 1.x there and got 0,3x back + I also got a small fiat payment although I did not have any fiat left there afair. Your payout should have been ~1.77 BTC + BCH according to this https://blog.wizsec.jp/2021/02/mtgox-claim-calculator.html
which was more or less what I got out in the end.
Or did you maybe NOT choose "early lump sum payment"?
This is how exchange operators have been making millions for themselves for year. Cryptopia has been stretching for several years now as well and FTX will do the same. In X years their victims will receive a portion of the dollar worth of their account at the time of their rugs.
Aweful
Oh and look at the for-profit accounting firms in charge of disbursements. They get paid hourly, and have a giant visible pot of money to draw on. So they put every partner they’ve got on the job and take their time, every bitcoin that goes to the firm is one less that the people who got rugged get.
They pretend they are working for the victims, lol. Incentives are absolutely warped.
Crime pays