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by alasdair_ 3142 days ago
"creditors requested Karpeles and Mt. Gox to process refunds in Japanese yen rather than bitcoin"

The people he owed money to asked for it to be this way when proceedings began.

4 comments

I don't recall having requested Yen at any time. There was a form to be filled out and I clearly stated that I prefer to be paid in Bitcoin. But I guess I am not big enough a fish to have a say there.
Same here. I specifically requested to be paid in bitcoin. I had bitcoins on MtGox and I wanted the bitcoins back from the day they were stolen. They have been found and my claim is accepted. Now give them back.
What do you think the lawyers want to be paid in?
What's the amount of lawyer claims in percent in this case?

Does or should this enable them to override the wishes of the creditors?

If they had asked to be made whole in BTC instead of yen and BTC had tanked properly (becoming essentially worthless), he could have paid the reparations from his savings account. This could have gone both ways, but it feels asymmetric because you can't go more broke than bankruptcy.
No I checked the "I/We would prefer to receive distributions in Bitcoin" on their form. I made a claim on bitcoins, I wanted the bitcoins back from day 1 of the theft.
Whoops!