MtGox withdrawal delays [Gathering]

[ilpirata79]

Let's hope we are wrong and they get back to operations.
Maybe the bitcoins stolen were not that much and Mtgox can be sold to a more credible party and we keep our coins... even with a 30-40% cut, which is kind of acceptable, not more.

Best regards,
ilpirata79

[Hen0xyd]

"Wait n see" is the only sure fact I can get from the today situation.

This rebranding strategy, potential investissor, new CEO, hack, internal job and so on... I guess we will be fixed in some days/weeks.

Still, one thing seems to be really unbelievable to me : How can you have around 700 000BTC
- took from a COLD wallet,
- without seeing it,
- without stoping this BEFORE ?

Seriously its around 6% of all bitcoins nowadays...

[chocomav]

According to the "leaked" document:

At this point 744,408 BTC are missing due to malleability-related theft which went
unnoticed for several years. The cold storage has been wiped out due to a leak in the hot
wallet.

Bitcoins:
Assets: 2,000 BTC
Liabilities: 624,408 BTC(Customers) +120 000 ( MtGox) - 80 208 BTC (banned/suspicious accounts)

Fiat:
Assets: 22,430,000 USD in bank + 5,000,000 Coinlab + 5,000,000 DHS
Liabilities: 55,000,000 USD (but still unclear)

Total Assets: 32,430,000 USD + 2,000 BTC
Total Liabilities: 55,000,000 USD + 744,408 BTC


So basically, there is a deficit of 744,408 BTC and $22 million+ (assuming unrealistically that the $5 million being held each by Coinlab and DHS will be returned to Mt. Gox customers)

If you're running Mt. Gox and are honest, kind of hard not to notice that 744,408 BTC is missing and that you owe your customers over $32 million+ and not say anything?

Wasn't there a post in which (Roger Ver?) supposedly examined Mt. Gox's books only a couple of months ago and even he wanted to buy insider Mt. Gox bitcoin at a slight discount? Please correct me if I'm wrong, but he is very well respected so perhaps he was shown fake balance records?

If the 744,408 was stolen suddenly, it would be easy to trace. But it was most likely siphoned off incrementally over time making it harder to trace. The missing fiat is still puzzling.

[Rampion]

The leaked doc is crazy. It would be astonishing if they really had a hole of $22M in customers fiat funds, where did all that money go?

[papamoi]

in this

www.foxbusiness.com/markets/2014/02/25/mt-gox-ceo-says-on-internet-chat-hasnt-given-up/

he seems to confirm the document


so where is our money and btc???

[donk4u]

Obviously a Ponzi scheme at this point. People panicked made a run on the bank ponzi scheme exposed. See you on American greed show even if you are a frenchie Mark

[TheFootMan]

A couple of questions:

Has anyone been able to get in touch with Mark (or Gox employees (if they exist)) on IRC today?

Does anyone know where Mark is now?

A redditor claiming to be SarahCoinbit posted on Reddit yesterday, saying she and other Gox support staff were fired. Does anyone know whether that claim was true? Was it Sarah posting?

http://www.wickedfire.com/shooting-shit/179038-my-conversation-mark-karpeles-mtgox-2.html#post2164682

That conversation could easily be faked. The person claiming to interview Mark is formerly accused of fraud, and he's also all about clicks. So this might just be a way for him to draw attention to his forum ?

[TheFootMan]

Wasn't there a post in which (Roger Ver?) supposedly examined Mt. Gox's books only a couple of months ago and even he wanted to buy insider Mt. Gox bitcoin at a slight discount? Please correct me if I'm wrong, but he is very well respected so perhaps he was shown fake balance records?

Unless he actually checked bank accounts himself, anything showed to him could've been faked.

[justusranvier]

Wasn't there a post in which (Roger Ver?) supposedly examined Mt. Gox's books only a couple of months ago and even he wanted to buy insider Mt. Gox bitcoin at a slight discount? Please correct me if I'm wrong, but he is very well respected so perhaps he was shown fake balance records?

He made a video last summer after Mt Gox started having problems with USD withdrawals stating that the reason for the delays in the withdrawals was not due to a lack of money in the bank accounts.

[TheFootMan]

in this

www.foxbusiness.com/markets/2014/02/25/mt-gox-ceo-says-on-internet-chat-hasnt-given-up/

he seems to confirm the document


so where is our money and btc???

Fox business is a shit hole, it does not confirm anything, what it points to is a fake irc-interview with mark conducted by a SEO expert posting it on his own forum, aiming to increase views on his own forum.

[T.Stuart]

in this

www.foxbusiness.com/markets/2014/02/25/mt-gox-ceo-says-on-internet-chat-hasnt-given-up/

he seems to confirm the document


so where is our money and btc???

Fox business is a shit hole, it does not confirm anything, what it points to is a fake irc-interview with mark conducted by a SEO expert posting it on his own forum, aiming to increase views on his own forum.

What about the cat man, what about the cat? There's the bonafide evidence for you! 

[donk4u]

How can anyone believe anything that comes out of that fat pos's mouth he is a pathological liar. 

[BitPaulo]

A friend of mine was running an international software startup many years ago that had distributor relationships with all of the major country markets worldwide and he found out that the french distributors were scheming to double-cross him behind his back with their own product after a lengthy and supposedly trustful relationship. Nothing wrong with honest competition, but they turned out to be the only dishonest (french) distributor group from all of the various distributor relationships worldwide.

Perhaps the fact that Karpeles is french should not be held against him for this particular unrelated incident. But one cannot overlook the fact that perhaps this "leaked" document is part of a very carefully orchestrated strategy to shift blame away from Mark - thus effectively allowing him to pull off the biggest scam in bitcoin history. He knows that he is viewed as incompetent - which gives him the perfect cover excuse with the general media. Incompetence does not imply the lack of extreme self-serving cunning...

If he is stupid enough to believe that a new reincarnation as "Gox.com" will survive, then anyone stupid enough to deposit funds with the new site (regardless of what the new management team will be) when it launches (supposedly next month) deserves to lose their funds in the future.

Those who do not learn the lessons of history are doomed to repeat it again...

Wow, so the fact that you heard from a friend that a french business did something dishonest once, and because Mark is French, there he must be doing something dishonest. this is incredibly racist. go back to your room.

[itsunderstood]

Wow, so the fact that you heard from a friend that a french business did something dishonest once, and because Mark is French, there he must be doing something dishonest. this is incredibly racist. go back to your room.

Well, Frenchmen with Goxcoin should probably act if only out of national pride. 

[TheFootMan]

Wow, so the fact that you heard from a friend that a french business did something dishonest once, and because Mark is French, there he must be doing something dishonest. this is incredibly racist. go back to your room.

Well, Frenchmen with Goxcoin should probably act if only out of national pride. 

Well, the french has a reputation for being arrogant! 

[chocomav]

Wow, so the fact that you heard from a friend that a french business did something dishonest once, and because Mark is French, there he must be doing something dishonest. this is incredibly racist. go back to your room.

Not my intention to sound racist - I actually like French people (can speak french myself), have vacationed in France on many occasions, and think the croissant is a genius invention.

Just stating a business anecdote - and I did mention that it is unrelated and perhaps Mark should not be penalized for that. But the french do have a different cultural mentality and reality - or more permissive way of thinking in which secrets are very common in interpersonal (business?) relationships. Extramarital relationships with multiple mistresses are considered normal and there is even a french term for a "5-to-7", meaning time with your mistress after work between 5pm and 7pm before heading home to your wife. Perhaps the best example of this is the french president who left his long-standing wife for another woman and recently cheated on her with a younger french actress. Even this is not shocking in french society, but it has at least ruffled some feathers elsewhere...

Sorry, getting off the point. I'm sure Mark has treated many early customers/supporters very fairly and for that he deserves their loyalty. But he has been dishonest with recent customers over the past few months by not disclosing the serious problems in a timely manner and instead maintaining a wall of silence, cancelling fiat/bitcoin withdrawals, while still encouraging highly unethical internal trades designed to profit Mt.Gox primarily. If this is considered honest behaviour, then his new Gox.com will attract gullible new customers - good for him in that he gets yet another chance...

We can all hope that this "leaked" document was just a PR field test and that he "magically" finds a way to restore a good portion of the missing bitcoins via Gox.com next month.

[itsunderstood]

Can we get sturle back in here to complain about "signal to noise" in this thread?

Haha, it's all noise now.  SCREAMING.

Where you at sturle?

[princes12]

Wow, so the fact that you heard from a friend that a french business did something dishonest once, and because Mark is French, there he must be doing something dishonest. this is incredibly racist. go back to your room.

Well, Frenchmen with Goxcoin should probably act if only out of national pride. 

Well, the french has a reputation for being arrogant! 

That's why they didn't need any help during WW1 and WW2 and the Vietnam war!   

[grifferz]

I did mention that it is unrelated

Yet you were still dying to post it.

You have something wrong with you.

[Squeaker]

Fox business is a shit hole, it does not confirm anything, what it points to is a fake irc-interview with mark conducted by a SEO expert posting it on his own forum, aiming to increase views on his own forum.

Your anti-FOX hate is irrational... disagree with what they reported? Then counter the points made.

=squeak=