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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2013-08-19 GigaOM : Feds seized $2.9M in Bitcoin funds from Mt. Gox
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bobdude17 (OP)
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August 19, 2013, 11:25:51 PM
Last edit: August 20, 2013, 12:12:01 AM by bobdude17
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http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/
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Rampion
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August 19, 2013, 11:28:12 PM
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Quote from: bobdude17 on August 19, 2013, 11:25:51 PM
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.
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August 20, 2013, 01:06:36 AM
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Quote from: Holliday on August 20, 2013, 12:35:39 AM
Quote from: Rampion on August 19, 2013, 11:28:12 PM
Quote from: bobdude17 on August 19, 2013, 11:25:51 PM
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.
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August 20, 2013, 01:09:27 AM
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Quote from: Holliday on August 20, 2013, 12:35:39 AM
Quote from: Rampion on August 19, 2013, 11:28:12 PM
Quote from: bobdude17 on August 19, 2013, 11:25:51 PM
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
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August 20, 2013, 01:26:14 AM
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by that amount I think they purposefully didn't keep much in there; doesn't sound that bad Smiley
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August 20, 2013, 02:19:19 AM
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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.
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August 20, 2013, 02:36:30 AM
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Quote from: Singlebyte on August 20, 2013, 02:19:19 AM
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
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August 20, 2013, 02:52:19 AM
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it too shall come to pass
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