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Bitcoin => Press => Topic started by: bobdude17 on August 19, 2013, 11:25:51 PM



Title: 2013-08-19 GigaOM : Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: bobdude17 on August 19, 2013, 11:25:51 PM
http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/


Title: Re: 2013-08-19 Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: Rampion on August 19, 2013, 11:28:12 PM
http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

Well, not so much money at the end of the day.


Title: Re: 2013-08-19 Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: Rampion on August 20, 2013, 01:06:36 AM
http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

Well, not so much money at the end of the day.

Seriously? Back of the napkin calculations tell me that this is a huge blow to Gox!

Considering the volume they handled during the bubble it could have been much worse.


Title: Re: 2013-08-19 Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: superduh on August 20, 2013, 01:09:27 AM
http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

Well, not so much money at the end of the day.

Seriously? Back of the napkin calculations tell me that this is a huge blow to Gox!

they used to make more than that in a month. big blow but not that big


Title: Re: 2013-08-19 GigaOM : Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: 420 on August 20, 2013, 01:26:14 AM
by that amount I think they purposefully didn't keep much in there; doesn't sound that bad :)


Title: Re: 2013-08-19 GigaOM : Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: Singlebyte on August 20, 2013, 02:19:19 AM
Having nearly 3 million seized definately put a crimp in their business.  This had to be one of the reasons they put a 2 week freeze on withdrawals.  Im sure it also stalled their other projects like upgading the web infrastucture and delays for implementing litecoin.


Title: Re: 2013-08-19 GigaOM : Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: 420 on August 20, 2013, 02:36:30 AM
Having nearly 3 million seized definately put a crimp in their business.  This had to be one of the reasons they put a 2 week freeze on withdrawals.  Im sure it also stalled their other projects like upgading the web infrastucture and delays for implementing litecoin.

yup and now a lot of people are scared to use them


Title: Re: 2013-08-19 GigaOM : Feds seized $2.9M in Bitcoin funds from Mt. Gox
Post by: superduh on August 20, 2013, 02:52:19 AM
it too shall come to pass