It appears Mt. Gox isn't dead but rebranding as Gox after 1 month hiatus.

[ChuckBuck]

From poster Pedrog in the "Gox Gone, insolvent" thread:

http://pt.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

If this strategy draft is true, at least they're attempting to right many of their wrongs.

Karpeles just had to go.

[Definit]

i sure hope it's true tbh.................................................

my only option at this point is to remain optimistic about this...


the only other option would not be in much favor to the opposition of this scenario.

[russokai]

Please....document is obviously fake.  Don't be so gullible. 

[quone17]

And carry over old funds and coins to the new site?  Or start totally fresh?  To start fresh they'd have to go through some kind of bankruptcy I believe.

[dikx]

I previously also thought that the document was fake, but then pieces of the puzzle just start to get together..

1. This document was posted online before everything happened.

2. MtGOX just acquired gox.com domain and changed the name servers yesterday.

3. Only support page in mtgox is working, exactly as it's described in the document..

4. Trading engine was halted

I don't want to believe too, but.. I'm starting to

[Warren]

I previously also thought that the document was fake, but then pieces of the puzzle just start to get together..

1. This document was posted online before everything happened.

2. MtGOX just acquired gox.com domain and changed the name servers yesterday.

3. Only support page in mtgox is working, exactly as it's described in the document..

4. Trading engine was halted

I don't want to believe too, but.. I'm starting to

The purchase of Gox.com (https://bitcointalk.org/index.php?topic=485842.0) does give the document credibility in my eyes also.

If the plan could possibly work is another issue though...

[Bobsurplus]

How can they rebrand? With all the legal issues coming there way, the major fraud they just concluded. Its all game over now.

[jhansen858]

I previously also thought that the document was fake, but then pieces of the puzzle just start to get together..

1. This document was posted online before everything happened.

2. MtGOX just acquired gox.com domain and changed the name servers yesterday.

3. Only support page in mtgox is working, exactly as it's described in the document..

4. Trading engine was halted

I don't want to believe too, but.. I'm starting to

I agree with you.

[Lab_Rat]

http://who.is/whois/gox.com

[morphKET]

I am assuring myself this is the case with the points some of the previous members pointed out. However I am either way trying to prepare for the worst

[annette786]

Doc is true, but they probably changed the number of coins lost.

[repentance]

If the doc is true, it means they've lost 750,000 BTC - no way they'll be coming back.

Even Charlie Shrem, who was defending them only hours ago, is now saying on reddit he was "lied to".

A rescue package or buyout was never a realistic option - MtGox is way too deep in legal shit on so many different legal fronts to be an attractive acquisition for anyone.

[1l1l11ll1l]

And why would they then point gox.com to mtgox.com if they were rebranding. Some epic trolling if you ask me.

[ILoseAtPoker]

I believe the entire document is true.

If anyone followed the fall of the very trusted online poker site "Full Tilt Poker" you would see the similarities.

The US government seizing a large amount of $ (as happened in both cases) would force most companies to run a fractional reserve to stay open - after that it is a slippery slope.

[CryptoVortex]

Whether this document is true or (more likely IMO) a fake, I find it comical that the number of bitcoins allegedly lost over a few years is 744,408.  An organization that failed to notice the disappearance of half a billion dollars, millions of dollars per employee, nevertheless is supposed to have been able to calculate their losses to an accuracy better than 1 part in 10⁵. 

[ChuckBuck]

Whether this document is true or (more likely IMO) a fake, I find it comical that the number of bitcoins allegedly lost over a few years is 744,408.  An organization that failed to notice the disappearance of half a billion dollars, millions of dollars per employee, nevertheless is supposed to have been able to calculate their losses to an accuracy better than 1 part in 10⁵. 

Document is true, as confirmed by NY Times:

http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html?_r=0

A document circulating widely in the Bitcoin world said the company had lost 744,000 Bitcoins in a theft that had gone unnoticed for years. That would be about 6 percent of the 12.4 million Bitcoins in circulation.

[morphKET]

So either way, as most of the community has said; it is good news that they have gone down or admitted to this as most banks or ponzi schemes would have run off without a word

[5thStreetResearch]

Assets of $32,000,000, liabilities of $120,000,000, and a brand name that is now the most despised in the industry...  Seems pretty genius to try to resurrect this.

[5thStreetResearch]

I believe the entire document is true.

If anyone followed the fall of the very trusted online poker site "Full Tilt Poker" you would see the similarities.

The US government seizing a large amount of $ (as happened in both cases) would force most companies to run a fractional reserve to stay open - after that it is a slippery slope.

Players from Full Tilt Poker get their money back this week.  This money was seized by the DOJ.  Mt Gox simply lost their user's balances by being negligent.  The DOJ doesnt have this money to pay back user's as they did with Full Tilt.  Very different situations here.

[Holliday]

Assets of $32,000,000, liabilities of $120,000,000, and a brand name that is now the most despised in the industry...  Seems pretty genius to try to resurrect this.

Where do I sign up?