2013-08-19 GigaOM : Feds seized $2.9M in Bitcoin funds from Mt. Gox

[bobdude17]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

[Rampion]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

Well, not so much money at the end of the day.

[Rampion]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

Well, not so much money at the end of the day.

Seriously? Back of the napkin calculations tell me that this is a huge blow to Gox!

Considering the volume they handled during the bubble it could have been much worse.

[superduh]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

Well, not so much money at the end of the day.

Seriously? Back of the napkin calculations tell me that this is a huge blow to Gox!

they used to make more than that in a month. big blow but not that big

[420]

by that amount I think they purposefully didn't keep much in there; doesn't sound that bad

[Singlebyte]

Having nearly 3 million seized definately put a crimp in their business.  This had to be one of the reasons they put a 2 week freeze on withdrawals.  Im sure it also stalled their other projects like upgading the web infrastucture and delays for implementing litecoin.

[420]

Having nearly 3 million seized definately put a crimp in their business.  This had to be one of the reasons they put a 2 week freeze on withdrawals.  Im sure it also stalled their other projects like upgading the web infrastucture and delays for implementing litecoin.

yup and now a lot of people are scared to use them

[superduh]

it too shall come to pass