Mt. Gox: Legal Advocate Quits, Takes Massive Loss on Bitcoin Claim

Andy Pag, who founded Mt. Gox Legal, has resigned his position as leader of the group, which represents the majority of the now-defunct Bitcoin exchange’s creditors (users who still had funds on the platform at the time of its implosion.) While some reports have said that users could get paid as early as this year, Pag believes that the over-sized claim of startup incubator and one-time Mt. Gox partner CoinLab will slow the process to a crawl. CoinLab’s $16 Billion Claim Slows Civil Rehabilitation Process It could be years before creditors ever see any money. The cryptocurrency available to disperse

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