Daniel Kelman <danielkelman@gmail.com>
Apr 22 (4 days ago)
Decrypt
to Takashi
70% of the creditors? There is no support for that, that is a lie and it is premature to say anything like that. Creditors oppose liquidation, but they have not endorsed the open-ended plan by Betts or Betts' team. We want commitments from them first. I am not supporting them until we know what percentage of equity we will be given, and if they don't give it in the very near future they will be opposed--they have refused to even discuss this point, even after I gave them a written list of creditor demands.
Given the opening line (referencing 70% support), I am glad you did not mention mtgoxrehab.com as supporting them in this article. I met with OkCoin today and they have a plan that will be submitted by Monday at the latest that is clear on what creditors will receive (perhaps we can discuss in a day or two)--Betts and Co are not the only option. The longer we go without hearing details from Betts and Co, the more I am beginning to suspect that they are using me. Given the secretive nature of their initial plan and what a terrible deal it was for creditors, Betts and Co will need to go the extra mile to prove they are not sheisters by making a commitment. Claiming 70% of people support them without first consulting the community has pissed off a lot of people.
Mochizuki, Takashi
Apr 23 (3 days ago)
Decrypt
to me
Hi,
Thanks for e-mailing, and I am sorry to hear that. Yes it was a bit of surprise for me when they said 70%. We thought about it, but since they are going on the record for this, we decided to run. Sorry that pissed off a lot in the community. But I'm glad that I didn't include the rehab.com in the story.
I guess John will be coming to Tokyo soon and I will try to catch up with him; meanwhile, if you have lined up some other options for creditors I'd love to learn about it, when you have a time. I know it's not easy, but if you can change Kobayashi's mind, then it will be one great history of the bitcoin i'm sure.
by the way, speaking about 70%, this is the original Q-and-A.
Q: How many creditors have signed up to Savegox.com? How big are the stated claims of those creditors?
A: Creditors representing more than 70% of the lost bitcoin have agreed to work with us on a formal reorganization plan to rehabilitate Gox.
Takashi Mochizuki | Correspondent | The Wall Street Journal | Tokyo | t: +81 3 6269 2782 | m: +81 90 7187 3189 | f: +81 3 6269 2821 | takashi.mochizuki@wsj.com | @mochi_wsj