The “news” that Mt.Gox is spewing out into the world is getting scrutinized by many. Bankrupt Japan-based Bitcoin exchange Mt. Gox released a new press statement earlier today confirming 20th March reports that it had uncovered an ‘old-format’ Bitcoin wallet containing some 200,000 Bitcoins presumed lost in the run-up to its insolvency. It would be around the 110 million dollars mark. More and more people are beginning to see how those claims are just ludicrous.
According to Mt Gox statement “the company discovered the funds on 7th March and promptly informed the necessary authorities of the recovery”, some people are still very skeptical and with good reason. However, Chris Dore, a partner at Edelson law firm, isn’t exactly buying Mt. Gox’s version of the events. Dore suggested that the announcement is closely tied to matters it is currently investigating. He is one of the lawyers that want justice for their clients that lost their hard earned crypto and Bitcoin.
On the recent “reveals” that Mt. Gox did Mr. Dore had the following to say: “Their statement that they found Bitcoins in a random wallet and failed to tell anyone for two weeks is highly suspect. We believe we were on the right trail. It appeared that these 180,000, 200,000 Bitcoins were being tumbled, that they were being broken down and reconstituted, so our goal was to find this out.”
However, the legal battle is just beginning and there are many questions. Nevertheless Mr.Dore is ready for the battle. “We’re not fully disclosing what we know or why we were asking that, but essentially it was an effort to try and trace Bitcoins that were being moved around and that we believe were associated with this initial group of 180,000 Bitcoins.”
There are also a lot of discrepancies that just don’t fit the explanations Mt.Gox is telling the court and their customers/clients. To quote one of Mr. Dore’s examples: “The idea that they found it in a wallet and they were breaking it down into hundreds of thousands of smaller wallets, it raises a lot of questions about their honesty and whether they’re being forthright about what they have.”
On how that Mr. Dore and his law firm wants to continue, he will not go into details. “Any assets are impactful on our settlement will be included in the lawsuit. Hiding money, if its crypto or real money will be found. We will do everything in our power to get that money back into the pockets of our clients.”
To be continued……