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Title: MtGox announce finding of 200,000 lost BTC! Post by: AT101ET on March 20, 2014, 06:28:53 PM Lawyers for MtGox have announced that they've found 200,000 of the lost BTC!!!
Was it a heist, or just some lost private keys? Link: http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci Official MtGox announcement: https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ChuckBuck on March 20, 2014, 06:37:22 PM Is that cause for the recent price dip, or is it the Blockchain.info issues?
I'm still unclear what caused the decline the last couple of days. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: WhatTheGox on March 20, 2014, 06:44:12 PM http://www.reddit.com/r/Bitcoin/comments/1za9sf/found_at_least_150k_btc_of_mt_goxs_stolen_coins/
there is another 150k coins to "find" also, meaning 350k total so far Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Remember remember the 5th of November on March 20, 2014, 06:45:58 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Singlebyte on March 20, 2014, 06:55:03 PM This is going to make things interesting. How was it "discovered" and how will they distribute the coins back to the owners? With their database hacked, how will they be able to allow legit people to login and retrieve their accounts and assure everyone that it's not just hackers logging into the database? That's assuming the courts allow a percentage distribution to the depositors. And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing......
Translated version http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: captainblack on March 20, 2014, 06:57:45 PM Wow ! Great news!)) Does it mean that they are going to return it back to the clients?
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ebliever on March 20, 2014, 07:10:30 PM I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years.
Audits are a pain, but they are our friend. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: CurbsideProphet on March 20, 2014, 07:17:15 PM I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years. Audits are a pain, but they are our friend. This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: cedivad on March 20, 2014, 07:19:18 PM Get ready for a "refund and release" document that you will have to sign to have that 25% back.
Posted from Bitcointa.lk - #Fpp887iUwI8WA2d2 Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: FeedbackLoop on March 20, 2014, 07:21:23 PM I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years. Audits are a pain, but they are our friend. This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. ...or you use exchanges that were not having huge red-flag problems for years! (Without even going for "proof of holdings" or whatever people are discussing these days on that). It is unethical to force regulation on all users simply due to the risk takers that chose MtGox. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ebliever on March 20, 2014, 07:23:01 PM I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years. Audits are a pain, but they are our friend. This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. I partly disagree. I just had a miserable week with a TS16949 audit. This is an industry-standard (non-financial) audit that is not required by any government, but is required by private customers. That is how cryptocurrency should be "regulated" - not by government (for the most part), but by us customers/users demanding accountability with the choices we make. Use the businesses that are getting audited and releasing results from 3rd parties, and so on. But don't ask government to dump a load of wasteful and costly regulations on everyone. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: dreamspark on March 20, 2014, 07:25:18 PM And its taken them how long to announce this even after the coins were being tracked?
Although positive in general as much as 200,000BTC isnt in the hands of criminals I wouldn't hold out hope of getting much back... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 20, 2014, 07:26:17 PM This is going to make things interesting. How was it "discovered" and how will they distribute the coins back to the owners? With their database hacked, how will they be able to allow legit people to login and retrieve their accounts and assure everyone that it's not just hackers logging into the database? That's assuming the courts allow a percentage distribution to the depositors. And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing...... Translated version http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci With their database hacked Gox stopped using plain-text passwords in the DB a very long time ago. Anyone with a strong password will still be in control of their account, and the others deserve to learn a harsh lesson. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: franky1 on March 20, 2014, 07:28:26 PM Lawyers for MtGox have announced that they've found 200,000 of the lost BTC!!! Was it a heist, or just some lost private keys? Link: http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci can i ask all people who want to post the news. to include the actual source EG the actal recording or document from the lawyers in this case. instead of a third party news article that says, "thats what he said", as i call that hearsay and chinese whispers in the past hav always started off like this. so please dont post news articles post the actual source that the news articles talk about. many thanks Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: franky1 on March 20, 2014, 07:32:05 PM This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. individual freedoms i am fully ok with. but when someone wants to be a business and control peoples funds.. then those businesses need to be accountable Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ebliever on March 20, 2014, 07:52:49 PM This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. individual freedoms i am fully ok with. but when someone wants to be a business and control peoples funds.. then those businesses need to be accountable We already have tens of millions of laws that are variations on "Thou shalt not steal." We don't need any more. We just need government to accept that cryptocurrencies have an objective value (as defined on exchanges, etc.) and that stealing or losing such assets is no different than the loss or theft of other assets in the eyes of the law. Just my 2 satoshis, Ebliever Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Loozik on March 20, 2014, 08:09:14 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys. My thoughts exactly. Get ready for a "refund and release" document that you will have to sign to have that 25% back. Karpeles' lawyers forgot to arrange for Karpeles to resign from Gox Poland's board of directors on time (negative legal consequences - although unrealized yet - already occured for Karpeles under Polish Commercial Code which is applicable to all board of directors of companies registered in Poland). Polish Commercial Code originates from very harsh communist laws. President of Board can be jailed for defruading as little as USD 1k. Even if criminal lawsuits against Karpeles fail in vanilla jurisdictions (Japan and USA), there is no fucking way he can escape multi-year jail service in Poland, even if he farts out those 25%. Trust me Japanese and American prisons are nice when compared to Polish ones. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Lauda on March 20, 2014, 08:09:34 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys. This is most likely the case. One doesn't simply lose over $100M and find it again in less than 30 days. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: S4VV4S on March 20, 2014, 08:14:06 PM OK, here's a question (or two):
Is he going to return those coins or refund them as fiat? And at what price? Gox price? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: pbj sammich on March 20, 2014, 08:15:26 PM It's just a poor attempt to instill confidence, in what I'm not sure.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Singlebyte on March 20, 2014, 08:17:02 PM This is going to make things interesting. How was it "discovered" and how will they distribute the coins back to the owners? With their database hacked, how will they be able to allow legit people to login and retrieve their accounts and assure everyone that it's not just hackers logging into the database? That's assuming the courts allow a percentage distribution to the depositors. And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing...... Translated version http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci With their database hacked Gox stopped using plain-text passwords in the DB a very long time ago. Anyone with a strong password will still be in control of their account, and the others deserve to learn a harsh lesson. This is already known.... I am talking about what other holes and security exploits do the hackers have access to? If they got in once, makes sense they can do it again. And did they plant a back door somewhere else in the code? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 20, 2014, 08:17:50 PM OK, here's a question (or two): Is he going to return those coins or refund them as fiat? And at what price? Gox price? It's in the hands of the courts; Logically the BTC goes to people who have a BTC balance. People who panic sold for fiat get burned badly if Gox keeps finding large numbers of BTC. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 20, 2014, 08:26:38 PM This is going to make things interesting. How was it "discovered" and how will they distribute the coins back to the owners? With their database hacked, how will they be able to allow legit people to login and retrieve their accounts and assure everyone that it's not just hackers logging into the database? That's assuming the courts allow a percentage distribution to the depositors. And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing...... Translated version http://translate.google.com/translate?sl=ja&tl=en&u=http%3A//headlines.yahoo.co.jp/hl%3Fa%3D20140321-00000038-yom-sci With their database hacked Gox stopped using plain-text passwords in the DB a very long time ago. Anyone with a strong password will still be in control of their account, and the others deserve to learn a harsh lesson. This is already known.... I am talking about what other holes and security exploits do the hackers have access to? If they got in once, makes sense they can do it again. And did they plant a back door somewhere else in the code? Yes that is more interesting: ...did they plant a back door somewhere else in the code? Will "the old code" need to ever go live again? (Near the end) Gox was requiring verification on all accounts. They could set up a site for verified users to "apply" to get the max allowed refund. Then the old code isn't being used. We will find out someday... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: pixskull on March 20, 2014, 08:31:34 PM It would be great if they found them! But what comes up MT Gox after that?
Who still thinks it was a scam until they got a class action suit that was actually following thru? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Aquent on March 20, 2014, 08:36:00 PM MT Gox found the keys by searching "a storage location called 'wallet' (purse) that exists on the internet"
Lmao. So we found out before gox that gox had 200k btc. http://www.reddit.com/r/Bitcoin/comments/1z37zw/mt_gox_has_at_least_200k_btc/ Gox, look into these 150k btc as well, maybe you still have them: www.reddit.com/r/Bitcoin/comments/1za9sf/found_at_least_150k_btc_of_mt_goxs_stolen_coins/ Oh, Gox, btw, there are another 100k btc here and there belonging to you. PM me MK I'll find your btc for you dude! Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ilpirata79 on March 20, 2014, 08:37:09 PM How do you think the bitcoin will be reimbursed, it this turns to be true?
I mean, will every customer get the same amount of bitcoins, so the ones who have a small amount get it entirely, or do you think they will reimburse customers in proportion to the amount owed to each of them? What does the law say? Any past examples? Best regards, ilpirata79 Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 20, 2014, 08:48:05 PM How do you think the bitcoin will be reimbursed, it this turns to be true? I mean, will every customer get the same amount of bitcoins, so the ones who have a small amount get it entirely, or do you think they will reimburse customers in proportion to the amount owed to each of them? What does the law say? Any past examples? Best regards, ilpirata79 What does the law say? Once it goes to court the lawyers get most/much of it by charging high fees. Sadly, that is what the law says: U.S. Bankruptcy Court Judge Kevin Carey approved a top hourly fee of $925 in the Tribune Co. bankruptcy, Bloomberg reports. The billable rates charged by the Chicago-based firm in the case start at $575 for some attorneys, according to a Dec. 26 filing requesting court approval of legal fees. http://www.abajournal.com/news/article/bankruptcy_judge_nixes_sidleys_top_1100_hourly_rate_oks_925/ $600 to $900/hour* for the bankruptcy lawyers; Do you think Mark found cheap ones? ps. This is a high-end fee, surely Gox is ass-end... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: boumalo on March 20, 2014, 08:49:40 PM This is exciting news, I don't doubt the mtgox clients will get something back but the lawyers will bleed them of huge amounts of $ like they did on the Maddoff fiasco on a larger scale
I think there is a lot more happening than what we can see, it is pretty obvious that you can't misplace 200 or 350k BTC then find it back in a 2weeks span Let's hope for the best Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ilpirata79 on March 20, 2014, 08:52:55 PM How do you think the bitcoin will be reimbursed, it this turns to be true? I mean, will every customer get the same amount of bitcoins, so the ones who have a small amount get it entirely, or do you think they will reimburse customers in proportion to the amount owed to each of them? What does the law say? Any past examples? Best regards, ilpirata79 What does the law say? Once it goes to court the lawyers get most/much of it by charging high fees. Sadly, that is what the law says: U.S. Bankruptcy Court Judge Kevin Carey approved a top hourly fee of $925 in the Tribune Co. bankruptcy, Bloomberg reports. The billable rates charged by the Chicago-based firm in the case start at $575 for some attorneys, according to a Dec. 26 filing requesting court approval of legal fees. http://www.abajournal.com/news/article/bankruptcy_judge_nixes_sidleys_top_1100_hourly_rate_oks_925/ $600 to $900/hour* for the bankruptcy lawyers; Do you think Mark found cheap ones? ps. This is a high-end fee, surely Gox is ass-end... Interesting (and hurting) news from your side... But you did not answer my quesiton... how are the few bitcoins left split among customers? Does somebody know? The logic (mine, at least) suggests that who got more bitcoins on mtgox will get less in percentage compared to who had less there. Best regards, ilpirata79 p.s. I think lawyers will not accept bitcoins... :D Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Luno on March 20, 2014, 08:54:18 PM No, the community found them, then Mark with his 190 IQ, figures out that he's been had, and magically finds them!!! :P
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: mitzie on March 20, 2014, 08:57:45 PM Wow ! Great news!)) Does it mean that they are going to return it back to the clients? Get a number.. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ilpirata79 on March 20, 2014, 09:01:02 PM Does someone know what is the average number of bitcoins possessed by mtgox customers??
Best regards, ilpirata79 Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 20, 2014, 09:05:49 PM How do you think the bitcoin will be reimbursed, it this turns to be true? I mean, will every customer get the same amount of bitcoins, so the ones who have a small amount get it entirely, or do you think they will reimburse customers in proportion to the amount owed to each of them? What does the law say? Any past examples? Best regards, ilpirata79 What does the law say? Once it goes to court the lawyers get most/much of it by charging high fees. Sadly, that is what the law says: U.S. Bankruptcy Court Judge Kevin Carey approved a top hourly fee of $925 in the Tribune Co. bankruptcy, Bloomberg reports. The billable rates charged by the Chicago-based firm in the case start at $575 for some attorneys, according to a Dec. 26 filing requesting court approval of legal fees. http://www.abajournal.com/news/article/bankruptcy_judge_nixes_sidleys_top_1100_hourly_rate_oks_925/ $600 to $900/hour* for the bankruptcy lawyers; Do you think Mark found cheap ones? ps. This is a high-end fee, surely Gox is ass-end... Interesting (and hurting) news from your side... But you did not answer my quesiton... how are the few bitcoins left split among customers? Does somebody know? The logic (mine, at least) suggests that who got more bitcoins on mtgox will get less in percentage compared to who had less there. Best regards, ilpirata79 p.s. I think lawyers will not accept bitcoins... :D But you did not answer my quesiton... You are correct, I didn't. If they "find" there is 50% of the money & btc available (for example), then I think everyone gets 50% (any experts in the house, please comment) However: This is a new type of case, and no one knows how the BTC will be valued (in $$ terms), or if a "fair" payment (1 BTC = 1 BTC, not GoxpriceBTC) is a high priority. >>> Can they/will they force a mass liquidation of BTC to convert everything into $$ (Yen) amounts. (Oh God, please no) Stay tuned.... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Aquent on March 20, 2014, 09:13:53 PM The plan is simple guys the draft explains it.
If they only have 200k btc, which I doubt, they will return this 200k btc to the creditors, then give the creditors 100% share of the company as compensation for the lost 750k btc. New management is brought in, new code etc, exchange opens, everyone is able to withdraw their 20% of btc i.e. this 200k, and then are paid in dividents from profits. I think Gox has at least 90% of our btc though. This 200k btc proves they have a cold wallet. Therefore, the most they could have lost is the hot wallet, so around 80k. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 20, 2014, 09:23:17 PM The plan is simple guys the draft explains it.... The draft was pre-bankruptcy and has no current power or meaning. When the courts are done Mark can make a new draft, if he is "feeling OK". Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: designfail on March 20, 2014, 09:25:58 PM Wanna find the rest of the coins quickly? The "thermo-rectal cryptoanalyzer" (hot soldering iron into Mark's a**hole) will do it.. ;D
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: cafminer1 on March 20, 2014, 09:30:38 PM F*cking liars. As already done a lot of times before, the fat rat will keep lying until there s no escape. Press the bastard! This guy deserves death, after paying every penny back. Silk Road guys must be on stalk ;-P Everybody is still waiting, just in the hope of getting their money back... Fuckarpeles better get some Magic The Gathering out of the hat or be prepared to meet the Lord.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: wickedgoodtrader on March 20, 2014, 09:54:57 PM Good news for Mt Gox account holders, bad news for the price of BTC. That's 200k coins that can now be sold that couldn't before.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Pangia on March 20, 2014, 10:02:03 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys. +1000 Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: S4VV4S on March 20, 2014, 10:02:32 PM F*cking liars. As already done a lot of times before, the fat rat will keep lying until there s no escape. Press the bastard! This guy deserves death, after paying every penny back. Silk Road guys must be on stalk ;-P Everybody is still waiting, just in the hope of getting their money back... Fuckarpeles better get some Magic The Gathering out of the hat or be prepared to meet the Lord. Did you lose money on SilkRoad? Why did you mention it? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Swordsoffreedom on March 20, 2014, 10:03:42 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys. I agree scrunity before the prosecution well I guess that they get points now for time off doesn't mean that they were not trying to purport a giant heist though Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: tuner on March 20, 2014, 10:09:50 PM it's better to spread them among the people (real owners) than kapelles would dump it to the buyers all at once
Good news for Mt Gox account holders, bad news for the price of BTC. That's 200k coins that can now be sold that couldn't before. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: teukon on March 20, 2014, 10:43:34 PM This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. Here, you're simply projecting imagined hypocrisy onto your opposition. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: TheFootMan on March 20, 2014, 10:52:07 PM Quote In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. If – repeat, if Empty Gox is executing a copycat scam, we should expect the site to offer their clients a portion of the holdings back, a portion probably lower than 50% (just to drive the point home), and that offer should appear on or about March 11, 2014. Time will tell. http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/ Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: cafminer1 on March 20, 2014, 10:54:12 PM F*cking liars. As already done a lot of times before, the fat rat will keep lying until there s no escape. Press the bastard! This guy deserves death, after paying every penny back. Silk Road guys must be on stalk ;-P Everybody is still waiting, just in the hope of getting their money back... Fuckarpeles better get some Magic The Gathering out of the hat or be prepared to meet the Lord. Did you lose money on SilkRoad? Why did you mention it? Aren t they the so called "bad" people in the news? People usually not that pacient and tolerant. ;-) But no... never had any bizz there. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: gongomanny on March 20, 2014, 11:04:07 PM Definitively good news, something back is better than 0
Hopefully it will not take half year to see part of my Bitcoins back. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: 5thStreetResearch on March 20, 2014, 11:24:29 PM lol how absurd, what a joke of a company, how do you just lose 200,000 btc and refind them like its a $20 bill?
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: leopard2 on March 20, 2014, 11:43:07 PM I believe Mark knows very well that there is a public ledger, so I would be surprised if he really tried a scam
More likely: one of his coworkers did something, that led to the loss of the cold wallets? Maybe those were stolen/hacked but encrypted? Maybe the reshuffling we saw, was salvaging activity into safer wallets? The story develops... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: drrussellshane on March 20, 2014, 11:47:52 PM Magic! The Gathering of the lost bitcoins.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: bananas on March 21, 2014, 01:12:53 AM the coins were never lost or hacked, probably his lawyer convinced him that it was not a good idea to keep the fraud and so eventually all coins will be "found"
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: BittBurger on March 21, 2014, 01:27:35 AM This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. Yes you can. Its called a fully decentralized exchange, with no need for a trusted third party. You've got an activity level of 500. You should know that the technology currently on the table has capabilities far reaching beyond whats currently implemented. Give it time. The entire point of this paradigm shift is removing the fallibility of human beings from the equation entirely. That includes the regulators, who are many times corrupt themselves. -B- Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: EvilPanda on March 21, 2014, 01:39:07 AM His cat ate the keys and they recently came out the other end. Sounds improbable? Same as the whole Gox theft.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Beliathon on March 21, 2014, 02:10:05 AM I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years. Audits are a pain, but they are our friend. This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. I just wanted to stop by and say that I do not want it both ways. Keep your cops and your courts. I'll take full responsibility for my bitcoins, even if something goes wrong, thank you very much. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: pleiotropik on March 21, 2014, 04:15:12 AM Just stopping by to direct my 2 minutes of hate to the fat smug sleazeball, may he rot in jail. (i didn't have any skin in his con, yet as a btc proponent i DO know he set the clock back a year).
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: pandalion98 on March 21, 2014, 04:16:19 AM I really hope they will return my BTC.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: DougB62 on March 21, 2014, 05:32:48 AM I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years. Audits are a pain, but they are our friend. This is exactly why regulation is a good thing. It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts! Can't have it both ways people. I just wanted to stop by and say that I do not want it both ways. Keep your cops and your courts. I'll take full responsibility for my bitcoins, even if something goes wrong, thank you very much. Amen to that!!! Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: CryptoPanda on March 21, 2014, 05:44:28 AM omg this guy is such a joke
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: phillipsjk on March 21, 2014, 06:34:49 AM Better link:
New developments on the infamous Mt.Gox tragedy have been released. 200,000 Bitcoins have been discovered in a confirmed Mt.Gox offline wallet. In response to this recent news Mark Karpeles (former Mt.Gox CEO) has explained, and I quote: "MtGox had certain old-format wallets which were used in the past and which, MtGox thought, no longer held any bitcoins" So here's the rundown. Mark Karpeles's private stash of 200,000 BTC have been discovered and the lying SOB says that he had "No Idea they were there" You can read the full article here: http://www.bbc.com/news/technology-26677291 -- Thoughts and Opinions guys? --- I literally find this unbelievable. Quote from: Falkvinge According to an anonymous high-profile source, the first and original bitcoin scam was the online coin wallet Mybitcoin.com. People would deposit hundreds of thousands of coins there, as the currency was new and hundreds of thousands of coins weren’t yet worth a lot. - falkvinge.net...Copycat Scam? heading (http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/)Then, on July 29, 2011, the site went blank, just like the Gox website did. People panicked and gradually accepted a catastrophic loss of funds. On August 11, 14 days later, the site came back online and declared – just like Gox – that they “had been hacked”, had filed for bankruptcy protection, just like Gox, but “had managed to recover” 49% of the funds. People could fill out claim forms to recover these funds – 49% of their original balance. As this was enough time for most people to internalize the loss, they were happy again at the sudden windfall; things suddenly weren’t as bad as they had seemed. In the meantime, the anonymous person who ran mybitcoin.com disappeared with a huge amount of money, according to the source. In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. If – repeat, if Empty Gox is executing a copycat scam, we should expect the site to offer their clients a portion of the holdings back, a portion probably lower than 50% (just to drive the point home), and that offer should appear on or about March 11, 2014. Time will tell. only 9 days late? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: MrPiggles on March 21, 2014, 06:38:15 AM You're all sitting pretty up there on your high horses eh?
Let he who has never lost $100 million down the back of the couch cast the first stone. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 21, 2014, 06:44:53 AM In response to this recent news Mark Karpeles (former Mt.Gox CEO) has explained, and I quote:
"MtGox had certain old-format wallets which were used in the past and which, MtGox thought, no longer held any bitcoins" Does Mark have a history of saying "which MtGox thought"...? Perhaps when he is lying it's easier to say "MtGox thought" than "I thought"? Any hard-core liars care to comment? :D Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: rograz on March 21, 2014, 06:52:21 AM Well this is the final nail in the "malleability" theft claim coffin at least, gonna run to the store for some more popcorn. Them "finding" 200k just made every "silly" theory more likely, one thing is for sure and that is that the majority of the coins weren't stolen, at least not as claimed by malleability.
I might have to buy myself a new face after all the face palm abuse I'll be dealing with as this unravels! Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Grrizz on March 21, 2014, 06:56:55 AM Two words: Mickey mouse...
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: casinocoin on March 21, 2014, 07:08:27 AM Check cnn or mtgox website for English ..
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Swordsoffreedom on March 21, 2014, 07:13:45 AM So did this hit any media newsstations yet or are they having to much fun talking about volatility and the sort
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: phillipsjk on March 21, 2014, 07:15:25 AM So did this hit any media newsstations yet or are they having to much fun talking about volatility and the sort BBC is pretty high-profile. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Swordsoffreedom on March 21, 2014, 07:17:49 AM So did this hit any media newsstations yet or are they having to much fun talking about volatility and the sort BBC is pretty high-profile. Ah thanks didn't see that since its not in the Press forum just Coindesk presently https://bitcointalk.org/index.php?topic=524257.0 I'll go add it https://bitcointalk.org/index.php?topic=524590.0 Done Thanks Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: medUSA on March 21, 2014, 07:24:25 AM I bet he deliberately hide them in "old wallets" that only he knew about. If they were ever found, he could claim they were transferred there "by mistake". If no one found out....
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: aljode on March 21, 2014, 07:27:35 AM good news?
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: erono on March 21, 2014, 07:35:07 AM Why the decline in the last couple of weeks?
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: adrxu on March 21, 2014, 07:37:15 AM Gox released a document earlier today,
https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf The Gox aftershocks continues. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: JimboToronto on March 21, 2014, 07:48:23 AM Gox released a document earlier today, https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf The Gox aftershocks continues. As does the investigation. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: pandalion98 on March 21, 2014, 07:59:57 AM Lawyers for MtGox have announced that they've found 200,000 of the lost BTC!!! Was it a heist, or just some lost private keys? Link: http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci Just another case of negligence. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: mezzomix on March 21, 2014, 08:06:44 AM Gox released a document earlier today, https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf After the community found those UTXO that directly leads to MtGox, Mark found his old wallets?! What about the other ~400k BTC that can be tracked to MtGox addresses? Time to find those additional "old wallets" too! And still no sign of the large number of transaction malleability TX from MtGox accounts... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: androidboss on March 21, 2014, 08:11:02 AM 为什么不以诈骗罪起诉法胖！为什么？
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: kalus on March 21, 2014, 08:26:09 AM geez mt gox.
they can't even go bankrupt properly. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: WhatTheGox on March 21, 2014, 08:34:35 AM Gox released a document earlier today, https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf What about the other ~400k BTC that can be tracked to MtGox addresses? Time to find those additional "old wallets" too! there is another 400k found by the community already? so equaling 600k? links please? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: BitOnyx on March 21, 2014, 08:36:02 AM "February 28, when it is filed for Civil Rehabilitation Law in Tokyo District Court, the company describes a total of about 850,000 BTC corresponding to almost all to be held has been lost." and now they "find" 200k ?!
So they lied to court ?! I guess it is good information, maybe they "find" another 200k... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: AT101ET on March 21, 2014, 09:44:39 AM MtGox updated with latest news.
Link here. OP updated. https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: vnvizow on March 21, 2014, 10:01:39 AM Great news, so will the prices rise to what it was before the fall?
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: e4xit on March 21, 2014, 10:12:45 AM Quote (Please note that the reasons for their disappearance and the exact number of bitcoins which disappeared is still under investigation and that the above figures may still change depending on the results of the investigation.) ::) Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: WhatTheGox on March 21, 2014, 10:34:09 AM https://blockchain.info/en/address/15ihHoGs3onQBNnEH8afDFGvou9nD62Hm7
more gox coins Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Luno on March 21, 2014, 11:31:18 AM If they are allowed to selling them would be smart, in a sliding market!
Might end up being worth more that way. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Aquent on March 21, 2014, 01:31:37 PM I do not know why everyone is blind and can not see.
MT Gox is lying, but not in a convincing way, it is lying in a way that the lie is obvious. Gox is saying that they had only 2k left out of 850k total btc. Yet their internal records as leaked show they had a btc balance of 950k. So why lie about this point? Did gox think that no one is going to look at the books, or are these lies only for public consumption? Gox has now been forced to admit that they own 200k. They are saying this in a way which is an obvious lie. They only realised a week ago that one of their wallets contained 200k btc, when everybody knew on the 28th of February that they had 200k btc. If one tries to hide the truth, they make the lie believable. Who on earth would believe TM? No one. MK is obviously under a gag order here. The coins were seized last summer, shortly after the fiat seizure. This lead to the drying of the hot wallet over a period of 4 months culminating on 7th of Feb. MK had to enter into bankruptcy protection, rather than bankruptcy, because the coins are only "temporarily unavailable". The coins have now been released, therefore MK is starting to find wallets that had coins in them but he had "forgotten" about them. In the next two or three weeks all of these coins will be found, the exchange re-opened, new managment team, coding, MK resigns, and a year or two down the line some official in some case against some sr vendor mentions in some sentence that the gox coins had been seized, but the whole thing would be history by then so no one cares. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: RodeoX on March 21, 2014, 01:33:36 PM Everyone look around your house! Look under the sofa and in your junk drawer, the rest of those coins must be here somewhere.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Eotnak on March 21, 2014, 01:45:58 PM ...And legal fees will eat up a lot of these coins! Mtgox just keeps on Goxxing...... Maybe that's exactly why they were "found" in the first place. Lawyers may have said, "Uhh...Mark, how are you paying for these services?" Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: sssubito on March 21, 2014, 02:03:19 PM they can't even go bankrupt properly. THIS! Soo true...The bar is pretty high in the sky for more mad excuses from Mt.Gox. Can't wait for the next silly story. U.n.b.e.l.i.e.v.a.b.l.e Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: BitOnyx on March 21, 2014, 02:06:10 PM Well apparently it were old wallets from before 2011 update. Sounds about right, maybe they find more coins as they would keep digging...
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Money Raccoon on March 21, 2014, 02:21:52 PM they can't even go bankrupt properly. You said itTitle: Re: MtGox announce finding of 200,000 lost BTC! Post by: AT101ET on March 21, 2014, 02:25:49 PM Well apparently it were old wallets from before 2011 update. Sounds about right, maybe they find more coins as they would keep digging... Nobody 'loses' almost $200 million (based on late 2013 rate). If you have that much money, you'd know about it and you'd know where its kept. Gox probably knew of its existence, but as with the rest of their wallets (which I'm sure will reappear soon) they'd lost the private keys. Now that they've found them, the 'lost' coins are accessible and all of a sudden they've magically been 'found'. With that many BTC in them, there's no way Gox didn't remember they existed. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Gotgoxed on March 21, 2014, 02:34:01 PM https://blockchain.info/en/address/15ihHoGs3onQBNnEH8afDFGvou9nD62Hm7 more gox coins not sure about that! why didn't they mention them today? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Lauda on March 21, 2014, 02:37:09 PM https://blockchain.info/en/address/15ihHoGs3onQBNnEH8afDFGvou9nD62Hm7 more gox coins not sure about that! why didn't they mention them today? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: BitOnyx on March 21, 2014, 02:40:01 PM IT should be payed in BTC, not in $.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Gotgoxed on March 21, 2014, 02:40:26 PM https://blockchain.info/en/address/15ihHoGs3onQBNnEH8afDFGvou9nD62Hm7 more gox coins not sure about that! why didn't they mention them today? but there are no obvious connections to this adress I thought? Or do you have some serious links? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: cafminer1 on March 21, 2014, 02:45:29 PM geez mt gox. they can't even go bankrupt properly. Exactly!!! :-)) The sad and real fact however, is they re just lying. That s why it doesnt work. Lying like a child's plan... but about half a billion $. They not recalling where 200K were, is like Obama pushing world war button "by mistake". What kind of business it was, for Mt Godx sake?! Squeeze the fatty motherf*cker until last satoshi comes out. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Jcw188 on March 21, 2014, 02:46:35 PM Imagine if they try to say the market price is the price on Mt. Gox and then pay you back dollars and keep the bitcoin and sell it on another exchange for a lot of money? Wow that would screw the customers. In fact it could have been why they sat back and watched their price crash, because they wanted it to.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: andy10000 on March 21, 2014, 02:55:09 PM Get ready for a "refund and release" document that you will have to sign to have that 25% back. Posted from Bitcointa.lk - #Fpp887iUwI8WA2d2 I don't think they can threaten to withhold what they owe on pain of signing a release to write off the rest of the debt. But the court could decide that's all we get. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: bitcoiner49er on March 21, 2014, 03:15:12 PM :-\
Wow. I guess I'm glad that most criminals are stupid. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ChuckBuck on March 21, 2014, 03:18:18 PM I can't believe how Negligent Karpeles and MTGox are. 200,000 BTC just shows up out of the blue in one of their wallets.
Truly a criminal operation and a stain on all of Bitcoin. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ab8989 on March 21, 2014, 03:22:45 PM There are a couple of huge issues that nobody seems to have raised in this thread yet.
1) To be able to surprisingly "find" something you own means that you never really kept any record where you have stored things. Think about this. MtGox stores and has liabilities 950kBTC worth about $1bn and they do not have one single paper that lists all the BTC they have and where they are at the moment of when the paper was written. This situation has gone on for years at least back to june 2011. The lack of this paper means that nobody has never really checked that the BTC they have matches the BTC they owe. 2) What is the motivation of all this? I think there is a huge advantage to MtGox trying to claim that they do not have any paper which lists where their BTC had ever been been stored. MtGox has been in trouble as sure somebody has asked them in court where was the 800kBTC lost from in the February incident and they sure do not want to answer that question. This is their response how they want to avoid answering. They just say that we have no idea where they were as we never had any accounting about the coins where they are. Honest. 200kBTC is small price to pay if this story sticks and somebody can walk away with the other remaining 600kBTC without it being clawed back in the bankruptcy court. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: BitCoinsLOL on March 21, 2014, 03:55:47 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys. My thoughts exactly. Get ready for a "refund and release" document that you will have to sign to have that 25% back. Karpeles' lawyers forgot to arrange for Karpeles to resign from Gox Poland's board of directors on time (negative legal consequences - although unrealized yet - already occured for Karpeles under Polish Commercial Code which is applicable to all board of directors of companies registered in Poland). Polish Commercial Code originates from very harsh communist laws. President of Board can be jailed for defruading as little as USD 1k. Even if criminal lawsuits against Karpeles fail in vanilla jurisdictions (Japan and USA), there is no fucking way he can escape multi-year jail service in Poland, even if he farts out those 25%. Trust me Japanese and American prisons are nice when compared to Polish ones. This is great news Poland does not screw around apparently. Glad to be Aus/Pol and a little Italian. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: QuestionAuthority on March 21, 2014, 04:03:43 PM Too bad for him that he didn't find them sooner. He could have paid out a few people and kept the scam going for another year or two.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: casinocoin on March 21, 2014, 04:05:55 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys. My thoughts exactly. Get ready for a "refund and release" document that you will have to sign to have that 25% back. Karpeles' lawyers forgot to arrange for Karpeles to resign from Gox Poland's board of directors on time (negative legal consequences - although unrealized yet - already occured for Karpeles under Polish Commercial Code which is applicable to all board of directors of companies registered in Poland). Polish Commercial Code originates from very harsh communist laws. President of Board can be jailed for defruading as little as USD 1k. Even if criminal lawsuits against Karpeles fail in vanilla jurisdictions (Japan and USA), there is no fucking way he can escape multi-year jail service in Poland, even if he farts out those 25%. Trust me Japanese and American prisons are nice when compared to Polish ones. This is great news Poland does not screw around apparently. Glad to be Aus/Pol and a little Italian. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: bananas on March 21, 2014, 04:14:31 PM While he is not in france he can be extradicted anywhere, but someone to ask for this.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Sydboy on March 21, 2014, 04:16:23 PM so ummm when do we get our BTC back ?
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Carra23 on March 21, 2014, 04:24:50 PM That fat guy stole it, panicked and is now saying it has been found.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: esse83 on March 21, 2014, 04:29:06 PM So I was rereading the crisis draft and then suddenly:
"We will need to inject fresh coins inside the system in order to establish a basis to eventually clear the books by running the exchange (perhaps 200,000 coins). " <-- Bam! Well well well, look at that. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: TTM on March 21, 2014, 05:18:46 PM I dont think he will return anyone's money or re-open an exchange. Even if MtGox open their doors again, no one will do business with them again. Mark know that, and he will not return those coins.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Revelations86 on March 21, 2014, 05:24:32 PM Oops I forgot I had $115 Million dollars in an old wallet. Really?? Does common sense tell you that one can just forget that large amount. He should be brought up criminal charges and put away for life in a cell right next to Madoff.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Princee on March 21, 2014, 05:40:15 PM Inb4 The hackers just go back through their backdoor and steal another 1M+ USD in a week. =.=
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: cafminer1 on March 21, 2014, 05:42:14 PM So I was rereading the crisis draft and then suddenly: "We will need to inject fresh coins inside the system in order to establish a basis to eventually clear the books by running the exchange (perhaps 200,000 coins). " <-- Bam! Well well well, look at that. Right there. In fact, except for PR, the Crisis Strategy plan is being followed almost in full by the bunch of liars. If and when a new administration and team is announced, reopening, together with some kind of "stay here" incentive (like the well known delayed withdrawals), it will be ipsis litteris. http://pt.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft Lets see the GOAX and / or the goat climbing the mountain ;-) GOAT HOAX http://s27.postimg.org/ffc7qw9tf/goax_LOGOw2.png Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Swordsoffreedom on March 21, 2014, 05:47:02 PM Oops I forgot I had $115 Million dollars in an old wallet. Really?? Does common sense tell you that one can just forget that large amount. He should be brought up criminal charges and put away for life in a cell right next to Madoff. So true I forgot I left a fortune in here lol Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Loozik on March 21, 2014, 06:11:57 PM Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys. My thoughts exactly. Get ready for a "refund and release" document that you will have to sign to have that 25% back. Karpeles' lawyers forgot to arrange for Karpeles to resign from Gox Poland's board of directors on time (negative legal consequences - although unrealized yet - already occured for Karpeles under Polish Commercial Code which is applicable to all board of directors of companies registered in Poland). Polish Commercial Code originates from very harsh communist laws. President of Board can be jailed for defruading as little as USD 1k. Even if criminal lawsuits against Karpeles fail in vanilla jurisdictions (Japan and USA), there is no fucking way he can escape multi-year jail service in Poland, even if he farts out those 25%. Trust me Japanese and American prisons are nice when compared to Polish ones. This is great news Poland does not screw around apparently. Glad to be Aus/Pol and a little Italian. Subpeaned to testify in Poland and arrested on spot or just extradited, depending on the findings of Polish prosecutors. From what I know Gox Poland is already being investigated by Polish prosecutors. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Joohansson on March 21, 2014, 06:21:04 PM All your bitcoin are belong to gox.. That must be the worst run company in the history of mankind and any kind in the whole universe and it's neighbors to end of time.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 21, 2014, 08:14:30 PM Everyone look around your house! Look under the sofa and in your junk drawer, the rest of those coins must be here somewhere. Are we allowed to search at The Bicoin Foundation :P Sorry... Let's hope Mark find more soon. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Nitko on March 21, 2014, 08:29:48 PM Yea rightt , milions just "poped out" :P
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Lannister on March 21, 2014, 08:32:33 PM is it possible get refund from gox? ???
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: bananas on March 21, 2014, 08:36:47 PM For his history to be true whe would have to be a complete retard that needs a nurse to clean his ass.
200k is just the start of the plan to undo he fraud and try to not go to jail. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Cactusizer on March 22, 2014, 01:40:11 AM They're probably going to make a excuse that they can't give it out because they don't know who's it is or something.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: theomar on March 22, 2014, 01:49:49 AM Is there any proof that mtgox had a total of 850k btc in hot and cold storage? I do not consider the hacked mtgox data as a proof here because the data could have been modified in order to present a larger total (btc or fiat) balance. I believe that any information is leaked is in purpose and MK is responsible for the leaks.
More the amount of btc or fiat that Mtgox claims as lost, less the percentage that Karpeles pays back to gox customers. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: jonald_fyookball on March 22, 2014, 01:52:07 AM this is like seeing you're about to get pinched for shoplifting
by the security guards at the exit of the mall and you "suddenly remember" you have merchandise in your pocket that you didn't pay for. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Gotgoxed on March 22, 2014, 02:15:29 AM this is like seeing you're about to get pinched for shoplifting by the security guards at the exit of the mall and you "suddenly remember" you have merchandise in your pocket that you didn't pay for. Hahaha, so true! Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: jonald_fyookball on March 22, 2014, 02:21:36 AM Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: cafminer1 on March 22, 2014, 02:25:38 AM Is there any proof that mtgox had a total of 850k btc in hot and cold storage? I do not consider the hacked mtgox data as a proof here because the data could have been modified in order to present a larger total (btc or fiat) balance. I believe that any information is leaked is in purpose and MK is responsible for the leaks. More the amount of btc or fiat that Mtgox claims as lost, less the percentage that Karpeles pays back to gox customers. Good point, no doubt. That s why the fat bastard must be squeezed until no one else complains he owes any fiat or BTC, until no satoshi drops out from his ass hole. It is very easy for Fuckarpeles to take 1000 from someone, say "I owe 1 million" and pay them 0.001 to quit the debt. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: lorix on March 22, 2014, 03:29:54 AM Too right....
One does not simply LOSE what at one time was over $200 Million+ dollars of Bitcoin and "suddenly" discover it later when the heat is on... http://creativewebbusiness.com/wp-content/uploads/2013/05/one-does-not-simply-build-links-516x188.jpg Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: pixskull on March 22, 2014, 07:28:19 AM http://www.dailytech.com/Bitcoin+King+Mt+Gox+CEO+Mark+Karpels+History+of+Arrests+Firings/article34442.htm (http://www.dailytech.com/Bitcoin+King+Mt+Gox+CEO+Mark+Karpels+History+of+Arrests+Firings/article34442.htm)
Crazy article especially to think the man who's been arrested for computer crimes before was handling what was the biggest exchange. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Nathonas on March 22, 2014, 08:16:52 AM I really don't know what to make of this. To the best of my knowledge the founders of Mt.Gox are already incredibly rich due to being early adopters of Bitcoin. I just don't understand why they would rob people when they're already rich. But at the same time, if they are innocent, how in the hell do you just "find" a wallet with 200k coins.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: cadcoin on March 22, 2014, 10:04:05 AM It became very obvious now. I think a slight anal probe will make Fat Marky cough up the rest of bitcoins.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: hensi on March 22, 2014, 10:50:24 AM i dont think that they'll be able to find anything.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 22, 2014, 10:57:06 AM Oops I forgot I had $115 Million dollars in an old wallet. Really?? Does common sense tell you that one can just forget that large amount. He should be brought up criminal charges and put away for life in a cell right next to Madoff. Common sense says he is indeed a criminal, but... Is he acting alone or part of a team? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Gotgoxed on March 22, 2014, 11:12:52 AM I really don't know what to make of this. To the best of my knowledge the founders of Mt.Gox are already incredibly rich due to being early adopters of Bitcoin. I just don't understand why they would rob people when they're already rich. But at the same time, if they are innocent, how in the hell do you just "find" a wallet with 200k coins. Good point! Mind boggling the development of this story! Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: mysidia on March 22, 2014, 11:23:15 AM so ummm when do we get our BTC back ? It's too late. Bankruptcy already declared. You can bet.... the bulk will end up going to the lawyers. The rest will go to secured creditors including account holders; with Gox paying pennies on the dollar, of what they owe. Nothing left for unsecured creditors. And equity holders/investors probably liable to return any dividends or distributions they had received, back to the bankruptcy estate. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: ilpirata79 on March 22, 2014, 12:05:17 PM so ummm when do we get our BTC back ? It's too late. Bankruptcy already declared. You can bet.... the bulk will end up going to the lawyers. The rest will go to secured creditors including account holders; with Gox paying pennies on the dollar, of what they owe. Nothing left for unsecured creditors. And equity holders/investors probably liable to return any dividends or distributions they had received, back to the bankruptcy estate. It MAY end, probably, in this way, but currently it's only CIVIL REHABILITATION. Best regards, ilpirata79 Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: jonald_fyookball on March 22, 2014, 02:10:28 PM I really don't know what to make of this. To the best of my knowledge the founders of Mt.Gox are already incredibly rich due to being early adopters of Bitcoin. I just don't understand why they would rob people when they're already rich. But at the same time, if they are innocent, how in the hell do you just "find" a wallet with 200k coins. Already rich but succumbed to greed. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: frito on March 22, 2014, 02:25:44 PM Is that cause for the recent price dip, or is it the Blockchain.info issues? 1.as if u can always identify causes of price movement....I'm still unclear what caused the decline the last couple of days. 2.They Did not Sell the "found" BTC nor did they pay off gox customers yet. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: TippingPoint on March 22, 2014, 05:31:35 PM It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness ...
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 22, 2014, 06:14:12 PM It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness ... We are at a tipping point, TippingPoint. How soon will the next $200,000 BTC be found? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: crazynoggin on March 22, 2014, 06:26:17 PM Oh wow, so the question is, how many of these old wallets they forgot about hold coins. Sounds like a case of horrible accounting practices and/or horrible coding on their end.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: QuestionAuthority on March 22, 2014, 06:42:19 PM Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: crazy_rabbit on March 22, 2014, 08:28:31 PM I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Bit_Happy on March 22, 2014, 08:33:55 PM Oh wow, so the question is, how many of these old wallets they forgot about hold coins. Sounds like a case of horrible accounting practices and/or horrible coding on their end. I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension. He had it all written on a Starbucks napkin, which sadly was accidentally thrown away. Don't worry the next 200,000 BTC are due to be found soon. Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: boumalo on March 22, 2014, 08:52:48 PM I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension. If you manage your company very badly and you are dealing with hundreds of millions you can misplace $100 million but it feels a bit odd There is a lot that we don't know and there has probably be some people trying to s.cam successfully or not Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Lauda on March 24, 2014, 06:06:17 AM I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension. If you manage your company very badly and you are dealing with hundreds of millions you can misplace $100 million but it feels a bit odd There is a lot that we don't know and there has probably be some people trying to s.cam successfully or not Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: Nathonas on March 24, 2014, 06:23:14 AM I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension. If you manage your company very badly and you are dealing with hundreds of millions you can misplace $100 million but it feels a bit odd There is a lot that we don't know and there has probably be some people trying to s.cam successfully or not Incompetence is often (or usually?) the best explanation for things. But in this case it just doesn't seem that plausible. How likely is it for a team of guys that created one of the first and most popular bitcoin exchanges, and were also early adopters of bitcoin themselves, to be incompetent enough to just "lose" 800,000 BTC and then "find" a wallet with 200k? Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: jonald_fyookball on March 24, 2014, 06:25:27 AM It's more likely than a chimpanzee to randomly type out Hamlet by William Shakespeare, but only slightly so.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: AT101ET on March 24, 2014, 09:37:35 AM Well since it's been announced and made public, they can't keep them. They'd probably be asked to hand them over to the companies dealing with the bankruptcy who'd decide what's best to do.
They may decide to return them based on a percentage. But you never know... Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: impresionesmline on March 24, 2014, 10:48:56 AM The only thing known is that these type of scammers are going to ruin the cryptos due to the lack of a serious legal arbitrage...
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: BitOnyx on March 24, 2014, 10:50:49 AM Situation drastically changed compared to recent months. I wonder what would happen next.
Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: TippingPoint on March 24, 2014, 05:47:59 PM The dog found my homework.
https://en.wikipedia.org/wiki/The_dog_ate_my_homework Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: boumalo on March 24, 2014, 06:23:57 PM I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension. If you manage your company very badly and you are dealing with hundreds of millions you can misplace $100 million but it feels a bit odd There is a lot that we don't know and there has probably be some people trying to s.cam successfully or not Incompetence is often (or usually?) the best explanation for things. But in this case it just doesn't seem that plausible. How likely is it for a team of guys that created one of the first and most popular bitcoin exchanges, and were also early adopters of bitcoin themselves, to be incompetent enough to just "lose" 800,000 BTC and then "find" a wallet with 200k? It is very unlikely but it is already very bad management and incompetence to allow that much money to be sc.ammed away by those who were not part of the alleged sc.am On the other hand finance and dealing with large sums of money, thousands of bank accounts, hundreds of thousands of customers is not something you can become good at in 2years if you don't hire competent experienced professionals Title: Re: MtGox announce finding of 200,000 lost BTC! Post by: TheFootMan on September 28, 2014, 08:29:47 PM I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension. If you manage your company very badly and you are dealing with hundreds of millions you can misplace $100 million but it feels a bit odd There is a lot that we don't know and there has probably be some people trying to s.cam successfully or not Incompetence is often (or usually?) the best explanation for things. But in this case it just doesn't seem that plausible. How likely is it for a team of guys that created one of the first and most popular bitcoin exchanges, and were also early adopters of bitcoin themselves, to be incompetent enough to just "lose" 800,000 BTC and then "find" a wallet with 200k? It is very unlikely but it is already very bad management and incompetence to allow that much money to be sc.ammed away by those who were not part of the alleged sc.am On the other hand finance and dealing with large sums of money, thousands of bank accounts, hundreds of thousands of customers is not something you can become good at in 2years if you don't hire competent experienced professionals This comes to mind: Never attribute to malice that which is adequately explained by stupidity and laziness. |
