Bitcoin Forum

With the vast numbers of Bitcointalk forum members, is there anyone here who was one of the users of Mt Gox when they went down?

The Mt Gox incident remains to be the biggest 'scam' to date.

I read some stories about it, and I think it has become a popular story to tell for Bitcoiners all over the world.

Anyone here?

Mt. Gox's last official act (well, literally within the hour of news breaking that they'd gone down for good) was to email me a rejection for my account application. :-)

Other bullets I've dodged: after months of use, pulled out of Mintpal 100% shortly before they went under. Then pulled everything out of Allcrypt promptly when they announced impending closure, ahead of the reported theft of their BTC wallet a few days ago. Likewise, I was on Vircurex but not one of the users impacted by the thefts there a year ago.

I had heard a lot of  "safeguarding rights" groups before, Year passed, they seemed to disappear, I think there are nothing they can do, what gone is gone, I don't think they can get their money back since there is little progress in MtGox investigation. The Victims have a life, they can't keep tracking this mess all days.

read
https://bitcointalk.org/index.php?topic=179586.0
that thread to see how long it took

I did not lost that much as many are. I had about 1.5BTC and as everyone, I trusted them.
But I doubt I will see it again.

being the largest exchange back then, there should be a lot of them. However, there is close to 0% chance of getting it back. It would be useless whining about it.

A lot of bitcoin was "lost" . I removed most my coins from the exchange about 3 months before it went down. Take a look at these following links:

http://www.technologyreview.com/view/526161/the-troubling-holes-in-mtgoxs-account-of-how-it-lost-600-million-in-bitcoins/
http://www.theguardian.com/technology/2014/mar/21/mtgox-missing-70m-bitcoin
https://blockchain.info/address/1KecDYadohxk8MCDqKF8SBEMhCUNveAsCj - This seems to be one of the address belonging to mtgox.
http://www.dailymail.co.uk/news/article-2568258/Wheres-money-Virtual-currency-Bitcoin-turmoil-400million-heist-causes-price-plummet-half-1-200-time-high.html
http://www.businessinsider.com/mt-gox-commenters-2014-3
http://www.businessinsider.com/mtgox-bankruptcy-japanese-news-video-2014-2
^He confesses they are "gone".

If you lost something - http://www.mtgoxrecovery.com/

One here. I lost quite a bit with them.

Not sure what else this thread would accomplish.

That is some serious luck! May I ask if you are an early adopter and had a 'serious' amount deposited with those parties? I guess you're keeping an iron vice on your bitcoins now. IMHO there are too many scams/hacks out there.

Not necessary maybe to accomplish something.
I myself is interested with information about it.

And like OP I also want to meet guys like you who experienced that incident first hand.
For me, you were just like Jack in the movie Titanic. :)

No, not an early adopter. That's probably what saved me in the case of Mt. Gox. I got into bitcoin after thinking about the poor future and instability of fiat currencies around Christmas 2013. This led me to a little project of drawing up a list of characteristics that I thought "good money" should have, and I started grading the Dollar based on it.

I'd seen occasional brief mentions of something called "bitcoin" in regular news media, and that was ticking up with the huge rise in price in late 2013. So one day a little light bulb came on in my brain, "maybe this bitcoin thing is more along the lines of what I think good money should be like?" I started investigating, satisfied myself that while not perfect it was objectively superior in most measures to the Dollar... and within two weeks I was starting to mine altcoins, and by end of January was impatiently awaiting my altcoin mining rig.

I started signing up for exchanges in January, but fortunately (for me) by that point Gox was running into all kinds of trouble. As the leading exchange it was natural I'd want an account with them, but by early February 2014 there were so many red flags I can't imagine I'd ever have used them.

The other cases are just good fortune for me, combined with making decisions and acting promptly and decisively whenever I hear meaningful news of trouble related to bitcoin/altcoin services I use. Keep your eyes open.

I for one lost roughly 85 BTC. I'm still paranoid about BitCoins :( F%@k Mt. Gox

Wow!  I lost 85 too.

I wasn't around to use the exchange, but I do know what mtgox means; most new comers to bitcoin do not, it's a fun fact.

Found them!

http://upload.wikimedia.org/wikipedia/commons/1/1b/Poverty_in_Colombia_by_Luis_Perez.jpg

Only 0.8 Bitcoins lost here, I deserved it though, I deposited and bought bitcoins when they wouldn't allow any withdrawls.
I knew I was taking a big chance, and I lost.  I still think I might get about 0.2 BTC back from it one day, who knows how much bitcoin will be worth when that happens, maybe I'll be in profit!

It may be harsh to say - but we are stronger after collapse of Mt.Gox. I think it was a good example of what could happen when exchange goes 'rogue'.
It is actually good that collapse of big exchange market happened so early in a bitcoin history and we all learned from it. Now we are more cautious about ner bitcoin services and we know: 'do not keep coins as exchanges deposit".

I had lost around BTC0.01 when Gox crashed. Trust me, it was not a small amount.  ;D

Going by the exchange rates of that time, BTC0.01 was equivalent to $8. That is 8 cans of beer or 4 pizzas... or 8 burgers...

I lost $2k (or $600 in todays terms) but then that $2k was what was left of the $15k I made by simply fixing a corrupt LTC wallet when 1 BTC was worth $1k...fun times...

Every bitcoin user is a victim of the MtGox incident. If that thing wouldn't have happened then I think bitcoin wouldn't have come down to $230, it would still have been hovering around to >$1000(I don't care if the hype was created by Willie or it was real).

And yes, I was also a direct victim of the gox thing, but lost a very very few coins approx to 0.05BTC.

Yes... at least 99% of them, if not 100%.

I was one of the most vocal opponents of Mt Gox here before the crash (check my previous posts), as I was supporting BTC-E. But even I had an account with Gox.

Before the crash, people ridiculed me for saying that BTC-E was more secure than Mt Gox. They were arguing that since Mark Karpeles is known to everyone (as opposed to Alexander and Alexei of BTC-E), he will never steal a dime. Look at what happened in the end.

Wow where do you buy your beers? $1 a beers sounds pretty awesome to me :)

Mark Karpeles always struck me as a slimy untrustworthy person ready to cash in on the unsuspecting customers at any time.

https://blockchain.info/address/1PxGTuJzDx1ceFHx4Z5CHaWuhiPBNovmZD
http://www.walletexplorer.com/wallet/0e16f47c9730dfad

Well, that took me almost a minute to find 4,422.xxx BTC. Imagine what a real blockchain forensic dude could do.

Some of them seemed to turn Bitcoin haters and/or Shills. I had a discussion with one of them a while ago, and at first he denied having been "burned" by Bitcoin services.

After some deep discussion he acctually revealed that he turned "anti-Bitcoin" after he lost money on MtGox.

You get people who can recover from knocks like this... {depending on how deep the wound was} or people who simply give up, and throw in the towel.

I tip my hat to those people who climbed back on the horse, when they were thrown off.

MtGox has much deeper damage than just the monetary loss.  :( 

Hoping Kraken redistributes the 'found' coins by years end (assuming that legal costs haven't eaten up the 250000 btc worth!). Be happy with 20% of my total lost.

This is good that you could see that but not to great for the 1000's of others that didn't know that he was ready to cash in on unsuspecting investors, I hope you done your part and let people know what was going on before it happened?

Luckily op i was not a victim to the actual robbery but in a way i am still a victim because we are all in this together after all so what hurts the many will also hurt the few even when we arrive late.

Feel really sorry for guys who trusted them with to much and lost nearly everything then watched the price rocket  >:( :o

Please don't tell me that Kraken is somehow part of fixin' this mess.

Many people in here got scammed, most of the stories will be down to people who placed trust in gox because vs other exchanges at the time, you knew who ran it, where they opperated from - even seeing inside the offices on various interviews.  They also had a track record of being slow but nobody lost money before.

South Asia.  ;D

Ranges from $0.75 to $2 depending upon the brand.  ;D

Beer is very cheap in some countries. See this:

http://www.ambar.ua/ru/catalog/baltika-c-1871/page-0-weight-desc-all.html

http://www.zakaz74.ru/catalog/pivo_banochnoe/



Don't trust anyone blindly with your coins. Learnt this after losing BTC30.

Yeah, mtgox's fiasco made many old bitcoiners bankrupted, I heard some Chinese whales, every of them has at least thousands or over 10k btc there.

Their good life is damaged by mtgox, this biggest scam in the btc world.

I think many people wanna kill mtgox's owner, he scammed people's money, and he is cursed by thousands of investors.

HE RUINED THEIR LIFE.   >:( >:(

it's a shame. these things like this doesn't only scam people and leave them bankrupt but also ruin the general people's trust.

http://blog.kraken.com/post/103599171158/mt-gox-bankruptcy

If you have to kill for money, the question will be... "Are you any better than Mark?"

Leave these people to destroy their own lives....  What did all that money bring to him? You are hated by 1000's of people around the world..... You cannot start a business without people crusifying you for your previous reputation.

I will not trade places with him for any amount of money.....  ;D {Rather be loved than hated}

A picture of him at a bankruptcy press conference showed huge black rings around his eyes. He looked like he had barely slept for months and that the stress was making him seriously ill. I would not want to live like that.

I lost 'only' the personal data I provided them to verify my account. Which is already a lot.
Didn't lose any BTC there.
I was robbed 7.5BTC by coinex.pw exchange two months later.

I guess most will still have at least some coins. Some will have re-bought at high prices, some stayed out of the game, many will have moved on and accepted their fate, and some will have fallen into a depression or worse :/

I lost 3.2 BTC on Gox. Loss of ~$2500 in real dollars. I had invested about $4k in BTC… and took $1500 out… and Gox zeroed out my BTC balance. That was that.

If you buy BTC today - you are likely enriching thieves or hackers. How can you say otherwise considered all the failed wallet services and then the huge Gox loss?