When mt gox failed I had just transferred $5000 aud to buy bitcoin (transferred feb 2014). They went quiet for a week with the money unable to transact and then I learned what happened.
The compensation the gox attorney assigned to me was something like $3.50 aud.
The closing price for Bitcoin (BTC) in February 2014 was $549.26usd, on February 28, 2014. The potential purchase that I was making would have been 8.23 btc.
Monday 24 February 2014 (24/02/2014) $1 AUD = $0.9035 so $4,517 usd.
Any advice for this situation, could I appeal? Has anyone done it before? Thanks for any advice you may have.
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