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[The Verge] Mt. Gox Files For Bankruptcy Protection

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parityboy
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Joined: Wed Feb 05, 2014 3:47 am

[The Verge] Mt. Gox Files For Bankruptcy Protection

Postby parityboy » Fri Feb 28, 2014 8:08 pm

After weeks of speculation over its financial health, the beleaguered Bitcoin exchange Mt. Gox has filed for bankruptcy protection. A company lawyer made the announcement at an impromptu news conference held at Tokyo District Court, according to The Wall Street Journal.

850,000 BITCOINS WERE LOST

Mt. Gox says it has ¥6.5 billion ($63.9 million) in liabilities with ¥3.84 billion ($37.7 million) of assets at present, and the company has admitted that it has lost a total of 850,000 bitcoins — worth close to $500 million. 750,000 of those belonged to customers, and 100,000 were company assets.


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acid1c
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Joined: Sat Aug 31, 2013 5:42 am

Re: [The Verge] Mt. Gox Files For Bankruptcy Protection

Postby acid1c » Sat Mar 01, 2014 9:18 pm

Crowd Detectives reveal Heist may be an inside job. http://falkvinge.net/2014/02/28/the-gox ... nside-job/
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parityboy
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Joined: Wed Feb 05, 2014 3:47 am

Re: [The Verge] Mt. Gox Files For Bankruptcy Protection

Postby parityboy » Sun Mar 02, 2014 3:32 am

@acid1c

Looks like MF Global all over again. I wonder if John Corzine was involved in this as well? :p


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