Please see the new update below!

Hello and welcome back to Bitcoin Builder.

As we get closer to a payout, Bitcoin Builder has "locked" all accounts.

All you can do now (at least until a MtGox distribution occurs) is check your account info/balance.

To do so, enter your account email here:

 

If you have any problems or questions, please just email support (at) bitcoinbuilder (dot) com.

Thanks a bunch,
Josh @ Bitcoin Builder




**** January 9th, 2023 UPDATE ****

Mt. Gox had originally set a deadline of January 10, 2023 for claimholders
to select a method of payment and register payee information in connection
with claims.  Bitcoin Builder Recovery LLC has elected for the early payment
option on its claim and registered its payee information with the Mt. Gox
trustee.  However, on January 6, 2023, Mt. Gox postponed this deadline to
March 10, 2023.  We do not yet have clarity as to when Mt. Gox will make its
distribution, but we expect to learn more in the coming months.

In the meantime, we are preparing to make distributions to sub-users when the
time comes.  After Bitcoin Builder Recovery LLC receives its distribution on
the claim, we will make subsequent distributions to sub-users.  We are working
to establish a secure process of making distributions and we will need your
cooperation.  We will be back in touch shortly with details on the mechanics
and steps sub-users will need to take to receive distributions, including
onboarding, KYC, providing contact and payment information, confirming holdings
and other action items.  Please keep an eye out for additional updates from us
to facilitate a smooth process.

**** September 6th, 2022 UPDATE ****

Okay, in July the trustee put out an "update" which basically said "still
working on it". Then on August 31st they put out another update which set
September 15th as the last date they will process transfers of claims.

Although that implies they're getting closer to a distribution, they have
yet to set a deadline for it, and talking to various exchange partners they
still have yet to hear anything on the actual mechanics of the pay out.

So... my guess (and it's only a guess) is the distribution is only about 30%
likely to happen before the end of 2022. And I would say 40% chance it happens
in Q1 2023 (and 30% chance it happens after that).


**** June 26th, 2022 UPDATE ****

Sadly, nobody (including exchanges) has heard a peep since November from the
bankruptcy trustee.

Fingers crossed there's an update soon and fingers crossed we could actually
get our money by the end of this year still?

**** February 3rd, 2022 UPDATE ****

Hooray, Civil Rehabilitation is (still) a go! What does that mean?

It means "early" distributions will hopefully happen by... the end of 2022?

Although the decision to take the "early" payout vs "final" has yet
to be made (as we don't yet know specifics on the final option), we
are leaning towards early payout, as it looks like it will likely be
only ~9% less than final payout while probably happening at least a
year sooner.

In the meantime, we have started to work with an approved distribution
exchange to streamline the process of paying out Bitcoin Builder users.

It's not final, but most likely this page will be updated (probably in the
spring) with a link to onboard as a direct user of the distribution exchange.

Users will have to perform KYC with the exchange, and then will get their
payout in BTC/BCH/JPY directly to that account whenever the distribution
finally happens.