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He's not part of Law Enforcement. He's "investigating" the bankruptcy stuff. It's a weird title but he is not what you think he is.
We have no infoabout a criminial investigation by the police regarding the theft of the coins. Marks priorities are warning people of spam and chasing the two hackers who hacked him LOL. Who cares about 500k missing coins?
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I tried google reverse image search but it rather searches by a yellowish color instead of the symbol. Maybe if you recreate the symbol you can find it that way.
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There's a lot more money invested in crypto than 80m. You can't really compare that with the leverage stuff of forex. You can do 1515 trillion dollar forex trade with $1 if you want to in theory.
And it's not just the money in the coins but the stuff around it. The mining hardware, andressen horowitz (coinbase etc) invested over 50m in Bitcoin startups.
It's a multi-billion dollar industry.
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The search warrant on JTAN and the company’s involvement in the Silk Road case had remained a secret until a few weeks ago. On Feb. 18, federal prosecutors asked a United States magistrate in federal court in Philadelphia to unseal the matter so authorities could begin providing Mr. Ulbricht’s lawyer with information to begin planning a legal defense.
On Oct. 30, he posted another notice, telling JTAN customers the company was struggling financially and could file for bankruptcy protection in 2014. | SOUND FAMILIAR?
Mr. Ulbricht pleaded not guilty on Feb. 7 to money-laundering and drug-trafficking charges in Federal District Court in Manhattan. Federal prosecutors said they obtained roughly 10 terabytes of data from the servers they seized in addition to the laptop Mr. Ulbricht had with him when he was arrested by authorities on Oct. 1 at a public library in San Francisco.
http://dealbook.nytimes.com/2014/03/04/silk-road-had-digital-outpost-in-pennsylvania/I think it's getting clearer what happened.... |
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23:45:53 <MagicalTux> I do not not see however what this has to do with me giving or not giving you confidential details on the investigation in progress 23:46:21 <anarchystar> try explaining to the judge how you failed to report 500 million in bitcoins where do we go and find chat logs like this? IRC freenode |
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23:45:53 <MagicalTux> I do not not see however what this has to do with me giving or not giving you confidential details on the investigation in progress 23:46:21 <anarchystar> try explaining to the judge how you failed to report 500 million in bitcoins |
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Official version is they don't know wtf happened. The hackers obliterated their accounting system.
Their brains and speaking ability apparently too. |
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There is no hope that money will come to you back, forget it!
So you exactly know what happened? I'm pretty sure about official version. What is the official version? 850k coins stolen with TM? This month? Over the last two years? Blockchain evidence? No cold wallets or never refilling them? 28 million dollar cash missing? Mysterious answers by Mark Karpeles when being asked what happened? |
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There is no hope that money will come to you back, forget it!
So you exactly know what happened? Until there is blockchain evidence that the coins were stolen the chance is pretty high that the US government seized the cold wallets. Not even Mr. PHP Autist Karpeles is that retarded to have "leaking" cold wallets. |
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Much has been discussed on the Mt.Gox situation but there still has not been an acceptable explanation. In this pastebin are some of the bigger events leading up to mt.gox withdrawal issues. I feel there may be a strong link towards the silk road investigations, money laundering and perhaps some well known parties and individuals in the bitcoin space. http://pastebin.com/jES4zEufPlease discuss! Didn't click the link, but I'll pretend that I did and suggest that fat lad surely would have had links to Silk Road. Bitcoin itself grew on Silk Road, so it makes sense that the world's largest exchange (then) was involved in some way.  http://imgur.com/NUolxDgFrom the Meiklejohn Blockchain analysis. http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdfYou can clearly see large amounts of bitcoin flowing in and out of Gox and SR. And this was in 2011/2012. Bitcoin is now 70x times worth that money. And that might tenfold once more. A lot of money where the feds don't want money to be. |
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So what's up with them owning all the coins, not releasing any info and making some bogus claims about theft of coins?
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http://hackingdistributed.com/2014/03/01/what-did-not-happen-at-mtgox/2014-02-20 10:40<MagicalTux> le gouv. US veut pas qu'on disclose hein | The US government doesn't want us to disclose 02-25-2014 EST [12:04] <MagicalTux> Well, technically speaking it's not "lost" just yet, just temporarily unavailable 03-02 <MagicalTux> we are not at liberty to discuss details with anyone else than law enforcement This is a white lie. He can't discuss the issue with anyone else besides LE not because they are working for the customers to get stolen coins back but to investigate against customers who did illicit transactions with SR. There are 3 reasons why they did this: 1. Identify customers who bought at SR (Back in 2011 Gox was used by many people to get into bitcoin just for SR) http://imgur.com/NUolxDg from http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf2. Tax information. 2011, 2012 and now 2013 probably didn't include a lot of bitcoin capital gains. 3. Get more intel to prevent future illicit use.
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Might work out to at least get the amount of value in fiat back if bitcoin goes to moon the next years. But before we do anything..... Fat fuck karpeles has to come out with the truth. “There is a high possibility that the Bitcoins were stolen,” Mt. Gox said in a statement when it filed for bankruptcy. “It is considering filing a criminal complaint.” WTF |
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meh
Life changing amount of money lost by who?....him? he probably lost 2% at most, same with eric voorhees moaning about losing 550, its a tough loss but both multi millionaires.
These early adopters could help alot more, bitcoin is gunna lose alot of hardcore enthusiasts who got burnt by gox. There will be new blood at some point sure...
If im roger ver id be looking into a gox take over, limit withdraws & get it up and running, remove CEO & staff... its no longer gox then & customers dont get burned.
Smoothie i know you may probably disagree, i dont want to argue ok really cant be bothered:)
Roger lost 25,000 BTC according to his twitter. EDIT: he says those were related to bitcoinica. |
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https://bitcointalk.org/index.php?topic=83794.0#post_toc_21The event's scale was widely disputed; some report a theft of almost 500000 BTC due to related account hacking. However, these reports are sparse and disreputable. Closer inspection puts the losses at closer to 2500 BTC. They proved they had 500k coins back then. But they were the only big exchange in june 2011. What if they actually had over one million?
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If someone buys Mt.Gox and decides to make good on debts, assuming the rumours are true and they lost 750kBTC, how exactly are they going to get people their BTCs?
People say it's $400mil, try buying 750kBTC from somewhere without effecting the price! It would surely rise greatly, maybe even to $1000 making increasing their $ debt towards $750mil!
I guess they would have to offer cash for BTC at the market rate or a % of that rate.
Volume is very high right now on all exchanges, someone could be already trying to grab enough coins. There are some companies out there who have the kind of money and are willing to invest in the future of bitcoin. High risk but also high reward. Mayzus would make sense as the twobitidiot mentioned big plans regarding Europe. |
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You guys are all assuming a purchaser will necessarily make all customers whole. That doesn't look realistic. The best Gox can hope for is to get bids/proposals, and go with the best they are offered.
Karpeles doesn't have a choice - he is a gaping liability to Gox and will get f*cked in any transaction. it won't be milk and honey for customers either. Maybe a quarter cup of milk, but certainly no honey ...
You can't buy a company without the liabilities. Mtgox has to declare bankruptcy, negotiate with the creditors and then get buyed by someone to get rid off the debt or a large portion of it. At the moment it looks like a bailout buy. |
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Was mtgox really that stupid to not have a cold wallet? And they didnt realize that their wallet was cleared? Thats somewhat unbelieveable to me.
One must be really stupid to hold $350M in 1 (one) cold wallet? Even if one would get compromised, holding that much in a single place is ridiculous. They had more than one according to old posts by MacigalTux. But if you brainlessly fill the hot wallet it doesn't matter how many you have. |
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https://bitcointalk.org/index.php?topic=23938.msg1177353#msg1177353MagicalTux: Fiat balances and Bitcoin balances would be accounted separately based on current rules, especially because of the difficulty to give a value to a given balance in Bitcoin (value at current rate or based on depth). This may change as we are discussing with a large insurance company in Japan to get all funds deposited on MtGox insured. This will however be only possible once the Japanese FSA provides its position on Bitcoin - which we expect to happen in the next months.
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