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Rant Mt. Gox in bankruptcy

Discussion in 'General' started by Harlequin, 28 Feb 2014.

  1. Harlequin

    Harlequin Modder

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    http://uk.news.yahoo.com/mt-gox-fil...on-tokyo-media-094811427--sector.html#rtOrDl7



    the BTC forums have said there was movement of in excss of 75000 BTC AFTER the withdraws were shut in early feb....something is very ishy and yes I lost BTC on there as well - not a lot but still 1.1 BTC :(
     
  2. julianmartin

    julianmartin resident cyborg.

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    This is the last thing crypto currencies need right now. I guess at least maybe people will learn NOT TO KEEP YOUR DAMN MONEY IN AN EXCHANGE WALLET!
     
  3. Harlequin

    Harlequin Modder

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    I had sadly transferred mine to sell - and got caught in the middle :(
     
  4. RTT

    RTT #parp

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    Actually this isn't true. There was a link posted to the blockchain which "showed 750,000 BTC moving out of the mtgox wallet" but actually all it shows is the total in/out of the mtgox wallet and was a case of someone being unable to interpret the blockchain correctly

    Still something fishy, but it's not exactly the above

    Quite, or at least not for long :D
     
  5. Harlequin

    Harlequin Modder

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    aha! thanks for the correction!
     
  6. SuicideNeil

    SuicideNeil What's a Dremel?

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  7. jrs77

    jrs77 Modder

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    Never trust a currency you can't store under your matress.

    In fact, never trust any artificial currencies, but only hard and universal ones like gold, silver, diamonds, and the like.
     
  8. Silver51

    Silver51 I cast flare!

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    Uh, so I was going to make a comment about the ability to sell blood and semen; but storing them under your mattress... just, no.
     
  9. Weekly_Estimate

    Weekly_Estimate Random bird noises.

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    loool:clap:
     
  10. rainbowbridge

    rainbowbridge Minimodder

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    Cant they roll it back the log and put it right the theft or what ever, they did that before right the rolling back of the key chain,
     
  11. RTT

    RTT #parp

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    Nope.
     
  12. rollo

    rollo Modder

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    Cant roll back 3 years of transactions, They could not afford it first and foremost even if it were technically doable.

    They owe aprox 500million dollars they have in assets aprox 100million dollars at last check assuming leaked documents are accurate.

    Mtgox had the highest selling price so tempted alot of buyers and sellers into it.

    Bitcoin needs a revival of some sorts. If they get the coins back it would drastically help the prices of the alt coins ect.

    Linecoin was about $18 this week its now $13 this morning and dropping.

    People will either run from bitcoin in the wake of this or stick with it. The speculators who have bumped the price alot will probably be the first to run if they did not already run when it hit its highs in novemeber.
     
  13. asura

    asura jack of all trades

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    January 2013 gold was at approximately £33/g
    January 2014 gold was at approximately £23/g

    I'm sure you all remember the epic scene from Goldfinger where Bond is playing golf with the epitimous bad-guy and he drops a gold bullion thereby making Auric miss his putt? That would probably be a 10Kg chunk of metal, and if you had one under your mattress it would have lost £100,000 in value over the above year.

    However, if you got in before 2006 before the panic buying of gold pre-market crash (a sure indicator someone knew what was about to go down) you'd still be laughing as gold was sitting well under £10/g.
     
  14. RTT

    RTT #parp

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    I subscribe to theory that there's probably been some theft (a minor amount) but the vast majority of coins are lost at mtgox is due to losing keys to a wallet. Maybe they'll recover them somehow but I personally doubt that will happen
     
  15. Harlequin

    Harlequin Modder

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    apparently mark`s `personal` BTC count is something like 330,000 ......
     
  16. julianmartin

    julianmartin resident cyborg.

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    sauce?

    There is a lot of speculation at the moment. Reddit seems to have found some transactions that are around 400k BTC that indicate Mt. Gox still has that quantity somewhere.

    There is a lot more truth to come yet.
     
  17. kingred

    kingred Surfacing sucks!

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    I too entrust thousands of pounds to a site dedicated to magic the gathering cards lol.
     
  18. Harlequin

    Harlequin Modder

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  19. RTT

    RTT #parp

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    Mm, maybe. What their system thinks they had (which is what this is) may not be reflecting reality. Still, time will tell!
     
  20. Harlequin

    Harlequin Modder

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    thread necro!!

    I placed a claim for my missing BTC - and today have heard it has finally been accepted ; to the value of $195!

    only 2 years but the court has said I will likely get my money back
     

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