Four days ago, news.Bitcoin.com reported on the April 3 notice to Mt. Gox creditors from the court’s civil rehabilitation trustee Nobuaki Kobayashi. Now a disclosure stemming from the founder of Mt. Gox Legal explains that the coordinator, Andy Pag, is leaving the ongoing legal battle because he thinks the process could take years to settle the case.
Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’
Mt. Gox Legal’s Coordinator Leaves His Post Blaming the Coinlab Claim and Karpeles Schemes
The coordinator and founder of the largest group of Mt. Gox claimants will be leaving his post at the end of April and has disclosed he is selling his claim according to a document published on April 9. Andy Pag is the founder of Mt. Gox Legal, a cooperative of over 900 claimants with claims totaling more than 125,000 BTC. Pag and the organization represent a sizeable portion of the entire Mt. Gox creditor body who want to get their funds back as soon as possible. However, Pag is not so optimistic and has decided to step down from his post because the payout distribution could drag out to “18-24 months” and he feels it could possibly be much longer. Pag says in his recent letter that he strongly believes that the Coinlab claim for ¥1.7 trillion yen (US$16 billion) is the main reason behind his belief things will be stalled but there are others.
Pag also noted that “Mark is scheming again” and he “suspects he’ll be the source of more costs and delays.” The Mt. Gox Legal founder is also selling his claim and has found a buyer willing to pay 15% or $600 per BTC. He also emphasized that he will leave
