MTGOX SUBPOENAED BY US PROSECUTOR

[yomofo]

http://www.businessinsider.com/report-mtgox-subpoenaed-by-us-prosecutor-2014-2

[Walsoraj]

http://www.businessinsider.com/report-mtgox-subpoenaed-by-us-prosecutor-2014-2

It is epic.

[Dragonkiller]

erm how can the US subpoena a company based in japan? 

[jatajuta]

Maybe he have some goxbtc 

[yomofo]

erm how can the US subpoena a company based in japan? 

Mtgox used to do business in usa.  they had bank accounts seized.  america has extradition agreement with japan.

[cypherdoc]

pricks want to know everyone who's ever traded on gox.

not to mention another potential asset grab.

[nmersulypnem]

pricks want to know everyone who's ever traded on gox.

not to mention another potential asset grab.

I suspect they're looking for dealers who were using Gox to funnel money.

[Zotia]

erm how can the US subpoena a company based in japan? 

Ask Kim Dotcom.

[anth0ny]

erm how can the US subpoena a company based in japan? 

Print it out and send it by international mail?

[Notanon]

Apparently it was sent "sometime this month".

The halting of transactions and the eventual shuttering of the site seems to make much more sense now.

[Walsoraj]

http://www.businessinsider.com/report-mtgox-subpoenaed-by-us-prosecutor-2014-2

http://www.cnbc.com/id/101446338

Keeps getting better. Japanese authorities also looking into Gox.

[Beta-coiner1]

^Good,this could get interesting.

[traderCJ]

http://www.businessinsider.com/report-mtgox-subpoenaed-by-us-prosecutor-2014-2

http://www.cnbc.com/id/101446338

Keeps getting better. Japanese authorities also looking into Gox.

.. and this is precisely why we have a justice system.  This isn't bearish news.

[Cubic Earth]

As someone with coins on Gox, I take this a very positive development.  It offers an alternative reason why Karpeles and Gox are acting the way they are, instead of the "all the coins are missing" explanation, which if true, seems to be the worst possible outcome.

[pungopete468]

I love the "about face" the Japanese just did... They went from, "It's not our problem you lost Bitcoins, guess you should'a been trading real currency" to "Well, this is a serious matter and it has our full attention."

I wonder how that transpired..?

[Notanon]

As someone with coins on Gox, I take this a very positive development.  It offers an alternative reason why Karpeles and Gox are acting the way they are, instead of the "all the coins are missing" explanation, which if true, seems to be the worst possible outcome.

Compared to the other rather wacky theories about what happened, I agree this is more likely what has happened as well. The link does mention that it was sent sometime this month, which I guess would have been right before the withdrawals were frozen.

[JudgeHearst]

FWIW, the subpoena may be for his testimony in a case unrelated MTG's operations directly. Also, I think there must be a pending suit in a civil matter or charges filed in a criminal matter before a subpoena can be issued (the suit or charges are against someone one else, you don't get subpoenaed to testify in a case in which you're already a party). His options are to quash the subpoena or take a free trip to where ever he has to go and give testimony/deliver documents in lieu of a trip. Don't read too much into this.

Also, for your reading pleasure: http://www.law.cornell.edu/uscode/text/28/1783

[anth0ny]

As someone with coins on Gox, I take this a very positive development.  It offers an alternative reason why Karpeles and Gox are acting the way they are, instead of the "all the coins are missing" explanation, which if true, seems to be the worst possible outcome.

Compared to the other rather wacky theories about what happened, I agree this is more likely what has happened as well. The link does mention that it was sent sometime this month, which I guess would have been right before the withdrawals were frozen.

No reason to believe the stories are mutually exclusive. About the only part that doesn't make sense is that this was all caused by the transaction malleability issue.

[DeathAndTaxes]

I love the "about face" the Japanese just did... They went from, "It's not our problem you lost Bitcoins, guess you should'a been trading real currency" to "Well, this is a serious matter and it has our full attention."

I wonder how that transpired..?

The US DOJ got involved.  It makes Japanese regulators look asleep at the switch.

[pungopete468]

I love the "about face" the Japanese just did... They went from, "It's not our problem you lost Bitcoins, guess you should'a been trading real currency" to "Well, this is a serious matter and it has our full attention."

I wonder how that transpired..?

The US DOJ got involved.  It makes Japanese regulators look asleep at the switch.

It's like a slap in the face. What did they expect? Gox has so many USA customers...