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Comment by scottcanoni | Hacker News Reader

Until Mt. Gox publicly confirms that no one will be getting their BTC and/or fiat money back, I think it's wrong to assume money owed to the users has been lost. Please have faith that they will do the right thing.

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It seems highly unlikely that anyone will get all of their money back. They announced that they have debts of 6.5 billion yen and assets of only 3.84 billion yen. If they can liquidate 100% of their assets that's only enough to pay back 59% of their debts.

6.5b yen is only 63 million USD. The 850,000 BTC wasn't included as a debt (which is roughly 475 million USD).

I believe it was included as debt at the artificially low GOX price.

In the article they confirm that they lost 850,000 BTC. What assets do they have that they could give back?

You're in stage 1, denial.

Given their behaviour to date there's absolutely no rational basis for "faith that they will do the right thing".

Well, as of now, it's not entirely their choice. The courts have a large say in things now.

But I don't think there's a lot of money here to go around, in any case.

Don't sit idle on faith though. Start planning around the possibility that you will get zero back from gox.

It's lost. Any money returned will be pennies on the dollar.

The only faith I have in this story is that, perhaps, people will learn from this example and will be able to spot a con man next time when they see one.

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