Bitcoin Forum

For what its worth I have insider information a huge Mt.Gox correction is coming. Marks office situation has just been uncovered by an investigator hired by a previous Mt.Gox customer, some major issues will be released regarding why they moved to a virtual office. As of now the investigation is currently not yet complete so I will not speculate, I can only say its not looking good.

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A brand new "Scientist"

Karpeles not been paying his rent?

That would be a fkn crashing hoot....lol.

Why would a company making millions, purchase a virtual office, from what is being uncovered, Marks has begun liquidation of the Mt.Gox office infrastructure, so either they are doing a major upgrade, and searching for new real estate, or they are liquidating based off future bankruptcy. It is not possible to run a mult-million dollar operation from a virtual office, that's a fact. Mark was giving people a way out with BTC builder, before things get really bad

I do hope your money arrives in Gox quickly enough for you to get those cheap coins you hunger for so badly  ::)

I do hope that you are feeling perfectly confident using your roll eyes smilies right in the midst of the largest dump volume on Bitstamp since $530 was tested.

Give me a break! I use one little roll eyes smiley? What about the guy 4 up from me!!

Anyone using that many roll eyes smilies must be supremely confident of his position that I couldnt possibly bring myself to question him.

I will guarantee Mt.Gox will see under $150 coins in the very near future.

You are looking forward to those aren't you?

We need a scrapbook to store all these hilarious scare attempts.

I believe in good karma. Are you really going to defend Mark, their is solid proof he purchased a virtual office, explain this please. You have a office in a Tokyo highrise with private office, and staff... But decide to run everything from a virtual office. I've seen how bankruptcy proceedings work, the more assets you dissolve, the less you will have to forfeit in bankruptcy proceedings.

I'm watching a thread go bankrupt in real time here...

Look up Patriot Coal Company, they led investors on while they millions of dollars in debt, until the last second of announcing bankruptcy, No Laws were broken, every executive involved got away scott free, while making millions dumping their stocks internally. Same as mark is doing. BTC Builder mysteriously pops up one day, hmm that was fast?, Mt.Gox internal transfers work, only on verified accounts, + virtual office. Does this not sound like a shady concealment of a bankruptcy?

Yes, a company moving from a spacious high rise office would certainly be in line with a company winding down...

pardon my ignorance, but is there any news reports around stating that Gox are moving to a 'virtual office'?

"No" is the short answer

Meanwhile, a notice on the Mt. Gox support site said the exchange has moved to the 15th floor of Cerulean Tower, also in Shibuya.
The 15th floor is home to a company hosting “virtual offices.” A woman who answered the phone there said the company cannot discuss its tenants.

http://www.pcworld.com/article/2099620/mt-gox-protesters-still-without-bitcoin-answers.html (http://www.pcworld.com/article/2099620/mt-gox-protesters-still-without-bitcoin-answers.html)

Feel free to verify all this, Mark bought a virtual office, when he has a high rise with staff? The entire office consists of 1 phone and a secretary, + mailing address. Everything you need to save as much money as possible before accounting your company failed.

A 10,000 Bitcoin Bid just popped up on bitstamp, this is going down quick! Someone is either trying to scare, or is looking to dump 10,000 coins

That Bitcoin bid hit at like 0.25$ above Spot Price. Exactly what would happen if some noob went to sell 10K Bitcoin using Bitstamp's 'Simple Sell' option. On Bitstamp, if not using any 3rd party trading tools, Simple Sell option results in limit order at spot price. That 10K sell order was a spot price sale.

Either a hack or a noob.


Seems that the short answer is "Yes"

http://www.pcworld.com/article/2099620/mt-gox-protesters-still-without-bitcoin-answers.html (http://www.pcworld.com/article/2099620/mt-gox-protesters-still-without-bitcoin-answers.html)

They probably got kicked out of the building, it is my understanding the manager and some tenets were worried about the property value taking a hit because of the protesters, apparently thats a big thing in japanese real estate

That spacious high-rise office you speak of that Mark moved from was also a virtual office space that Mt Gox leased month-to-month. This was known two years ago, hence my recent postings. He simply moved from one virtual office to another.

As far as BTC Builder is concerned, I'm in a quagmire, for what's been presented to me to date, I'm hesitant to release due to the parties directly involved. Me not happy right now. Not happy at all.

~Bruno Kucinskas

touche

I had a spark of interest in your initial post, and for a moment entertained the idea that you really might have access to some inside information. But then you went and posted this.


The problem for me now is that you can't both have inside info, and then post something that ill-informed and unverifiable.

1. MtGox hasn't "purchased a virtual office." They've moved back to using a virtual office address that they used to use before, citing "security concerns." I did already speculate that this was bad news:

https://bitcointalk.org/index.php?topic=477103.msg5261419#msg5261419

because I felt that it may well indicate that worse revelations were to come, and Karpeles didn't want to be accessible to people.

2. Please post a link to some evidence of this liquidation of office assets. Otherwise it's hard to take you seriously, as it's unclear what office assets there would even be. Do we even know how many employees MtGox had space for at the office that people were protesting outside of? I saw comments that said there were four floors. Seems odd that no one has been able to identify that many MtGox employees in that case. But even if it is four floors, it's going to be at most low three figure quantity desks and PCs. It's a rented office.

It's not a bad bet to speculate that worse things are to come for MtGox, but you're claiming to have actual inside info. So, throw us a bone and validate some of it?