NEWS UPDATE on MTGOX web www.mtgox.com, new annouc. soon acc to Reuters

[frito]

MtGOx posted on hteir web:

 Dear MtGox Customers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

Update on the update

http://newsbtc.com/2014/02/25/mt-gox-breaks-silence-makes-confusing-statement-homepage/

Reuters reports that Mt. Gox “should have an official announcement ready soon-ish,” according to Mark Karpeles, CEO at the exchange.

“We are currently at a turning point for the business. I can’t tell much more for now as this also involves other parties,” he said.

*****

Gives more currency to speculation surrounding acquisition.

takeover?

[CompNsci]

Yes, but why couldn't they have put this up last night instead of a blank page. The PR incompetence knows no bounds.

[greyhawk]

Yes, but why couldn't they have put this up last night instead of a blank page. The PR incompetence knows no bounds.

Well it took a while until the thousand monkeys typed up something good enough.

[frito]

Dear MtGox Customers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

about time to post at least something....

[Musent]

And the message, overall, doesn't say anything other than what has already been said. Sad, really.

[AdamT]

MtGOx posted on hteir web:

 Dear MtGox Customers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

Wtf does this even mean lol?

[grifferz]

All of my company's CryptoCurrency Inc's Bitcoins are still in MtGox

For a company with "crypto" in its name, you sure didn't value having access to the private key very highly.

[Money Raccoon]

We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

Wtf does this even mean lol?

It means they are addressing problems in a reactive way, not proactive.

This is a BS statement.

[chinacoinbase]

shutdown is best option so far, and i just want to know how much they lost. i prefer the number is >$30million and smaller than $150million

[5flags]

http://newsbtc.com/2014/02/25/mt-gox-breaks-silence-makes-confusing-statement-homepage/

Reuters reports that Mt. Gox “should have an official announcement ready soon-ish,” according to Mark Karpeles, CEO at the exchange.

“We are currently at a turning point for the business. I can’t tell much more for now as this also involves other parties,” he said.

*****

Gives more currency to speculation surrounding acquisition.

[quone17]

Their statement means nothing.  I guess at this point, they don't care what happens because they closed all trades and withdrawals.  Sure, they're killing Bitcoin the longer they drag this out, but since when have they cared about Bitcoin?

[frito]

http://newsbtc.com/2014/02/25/mt-gox-breaks-silence-makes-confusing-statement-homepage/

Reuters reports that Mt. Gox “should have an official announcement ready soon-ish,” according to Mark Karpeles, CEO at the exchange.

“We are currently at a turning point for the business. I can’t tell much more for now as this also involves other parties,” he said.

*****

Gives more currency to speculation surrounding acquisition.

wow
the takeover news proly

[franky1]

mark karpeles is following the same script as pirate@40.  no action, just announcments of excuses why they dont simply return funds.

...delay tactics. basically.

every other exchange has already scripted a workaround for malleability. so mtgox has no excuse.

"monitoring the situation" = sitting back and not doing anything, just watching.....

[Luno]

Stamp and BTC-e rebounding on a message from beyond the grave.

The magnitude of magic oozing out over every trader from the spirit of GOX is unbelievable.....

In 5 minutes we will have 10 threads on which price their trading engine will be rebooted at and if bitcoinbuilder can be used if the market takes off in the wrong direction...

[augustocroppo]

MtGOx posted on hteir web:

 Dear MtGox Customers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

Wtf does this even mean lol?

It means that:

Dear MtGox Customers Suckers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market manipulation of the market, a decision was taken to close all transactions accounts for the time being in order to protect the site and our users Mark Karpeles and our inside traders. We will be closely monitoring the situation competition and will react accordingly.

F*** you,
MtGox Team

[cloverme]

All of my company's CryptoCurrency Inc's Bitcoins are still in MtGox

It will be interesting to watch the trickle down impact of Gox imploding.  I have a mining company where I sell mining contracts, none of the coins we mined were stored at Gox or any exchange.

-Store your future coins offline
-Encrypt your wallet
-If you want to keep coins online for exchanging, keep them diversified in multiple exchanges.


My Bitcoin advise that I tell everyone:
-Bitcoin (or any cryptocurrency) is very high risk, it's a new market that is going through growing pains.
-Trust no one with your bitcoins
-Keep your ratio of cryptocurrency to fiat under 20% for high risk, 5% for lower risk.

Sorry to everyone that lost BTC with Gox, hopefully the community will keep Mark K. from opening another cryptocurrency business ever again. There's no accountability with Gox, which is tragic.

[trilightzone.org]

Looks like it had a positive influence on the other exchange sites. A take-over could be hanging in the air by the look of things for Gox.

[Musent]

I'd be more confident with someone buying out Gox than Gox rebooting. Even if Gox rebooted, I'd stay far away.

[pungopete468]

The market has been rebounding even before this announcement was made...

This news is just constructive interference as it resonates with the market's temporary upward trend.

I had my finger on the buy button at $411 last night with CoinBase but I feel like the FUD isn't even half way finished yet. I could be wrong but we're not out of the woods yet...

[Musent]

Sounds like a takeover to me.