Unconfirmed tweet that MtGox lawyer making statement now.

[repentance]

 

Kolin Burges
‏@The_K_meister
#MtGox's lawyer making an announcement to the press at 6pm.. i.e. NOW! I am heading there.

https://twitter.com/The_K_meister/status/439325163700502529
 

[1714868893]

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[1714868893]

1714868893

[1714868893]

1714868893

[1714868893]

1714868893

[studio1one]

 

Kolin Burges
‏@The_K_meister
#MtGox's lawyer making an announcement to the press at 6pm.. i.e. NOW! I am heading there.

https://twitter.com/The_K_meister/status/439325163700502529
 

oooh, going to be buy or sell, that's the question.

[Bitcoinpro]

Mark must be getting a tonne of pressure from all his religious brothers at Bitcoin talk

Mark the Aussie Feds are about to rip us to pieces give those dam coins back you fat fk

[btc4ever]

making a statement to whom?   the protestors?   the media?

[repentance]

WSJ is also reporting that a press conference is imminent.

online.wsj.com/news/articles/SB10001424052702303801304579410010379087576?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303801304579410010379087576.html

[btcrich]

making a statement to whom?   the protestors?   the media?

Well, the tweet says to the press...

[RaTTuS]

https://twitter.com/misssaxbys

[MegaHustlr]

 

Kolin Burges
‏@The_K_meister
#MtGox's lawyer making an announcement to the press at 6pm.. i.e. NOW! I am heading there.

https://twitter.com/The_K_meister/status/439325163700502529
 

oooh, going to be buy or sell, that's the question.

Buy? BUY BUY BUY wait no SELL SELL SELL! The community at the moment ^

[DutchBrat]

*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B
*DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection
*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court

So around $ 60 mln outstanding debt

[repentance]

They filed for bankruptcy protection.

https://twitter.com/WSJ/status/439333233013309440

[Bitcoinpro]

they still have the coin 

you cannot file for Bankruptcy when your guilty of Fraud

if the Japaneses government accepts this they are Liable for 100% of the losses

do a search of your official Mtgox addresses the coin is still in there

I found 6000 with a brief search 

[ZeroBarrier]

That's it boys and girls, the fat lady has sung. Whoever had bitcoin and/fiat in MtGOX has officially lost every satoshi/cent.

[User705]

*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B
*DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection
*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court

So around $ 60 mln outstanding debt

Only $60mln?  The BS out of gox continues.

[studio1one]

 

Kolin Burges
‏@The_K_meister
#MtGox's lawyer making an announcement to the press at 6pm.. i.e. NOW! I am heading there.

https://twitter.com/The_K_meister/status/439325163700502529
 

oooh, going to be buy or sell, that's the question.

Buy? BUY BUY BUY wait no SELL SELL SELL! The community at the moment ^

Well, either they are fucked, so I sell my coin before they tank, or they are fine so I buy some coin before they rocket. Not hard

Oh, they're fucked, temporarily into fiat.

All I want is more coins, nothign wrong with that.

[DutchBrat]

DJ Mt. Gox Files for Bankruptcy Protection





By Eleanor Warnock and Takashi Mochizuki
     TOKYO--A lawyer for Mt. Gox announced at a news conference at the Tokyo
District Court that the embattled bitcoin exchange was filing for bankruptcy
protection and that Mt. Gox had outstanding debt of about Yen6.5 billion ($63.6
million).
     The exchange has been under fire from investors since it stopped bitcoin
withdrawals in early February, citing a technical issue that potentially made
fraudulent withdrawals possible.
     On Tuesday, Mt. Gox, which at one point handled more than 80% of trades in
the virtual currency, stopped all transactions, dealing the severest blow to
the bitcoin industry yet and raised concerns about a lack of protection for
users. Several Mt. Gox investors say they have little hope of recovering their
funds, with some individual investors saying they had bitcoins valued at
hundreds of thousands of dollars in Mt. Gox.
     Atsuko Fukase contributed to this article
     Write to Eleanor Warnock at eleanor.warnock@wsj.com and Takashi Mochizuki
at takashi.mochizuki@wsj.com
 
Subscribe to WSJ: http://online.wsj.com?mod=djnwires

  (END) Dow Jones Newswires
  February 28, 2014 04:50 ET (09:50 GMT)
  Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 50 AM EST 02-28-14
 
-----------------------------====================------------------------------
                              Copyright (c) 2014

[ZeroBarrier]

they still have the coin 

you cannot file for Bankruptcy when your guilty of Fraud

if the Japaneses government accepts this they are Liable for 100% of the losses

do a search of your official Mtgox addresses the coin is still in there

I found 6000 with a brief search 

Do you even know what Bankruptcy protection is? Let me give you a clue, it doesn't mean the don't have any money.

"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.

Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.

[Bitcoinpro]

they still have the coin 

you cannot file for Bankruptcy when your guilty of Fraud

if the Japaneses government accepts this they are Liable for 100% of the losses

do a search of your official Mtgox addresses the coin is still in there

I found 6000 with a brief search 

Do you even know what Bankruptcy protection is? Let me give you a clue, it doesn't mean the don't have any money.

"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.

Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.

Your talking to someone who has studied just about every major bankruptcy filing in the last 20 years

he still has the coin ? check your official Mtgox addresses so he dosn't want to give it back so he is Bankrupt 

[repentance]

*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B
*DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection
*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court

So around $ 60 mln outstanding debt

Only $60mln?  The BS out of gox continues.

I have no doubt the actual filings will be made public by the media soon.  If they've lost access to their cold wallets - as some have theorised - that could explain why the nominal debt is only $60 million.  The cold wallets would still technically count as an asset.

[repentance]

Your talking to someone who has studied just about every major bankruptcy filing in the last 20 years

he still has the coin ? check your official Mtgox addresses so he dosn't want to give it back so he is Bankrupt  

You haven't studied them very well it seems or you know that you don't need to have no assets in order to be insolvent.

MtGox has not previously stated that they didn't have any Bitcoin.  That's something which the community latched onto based on various pieces of information provided by others.

They have a USD deficit of over $20 million.  It's perfectly possible for them to have a lot of Bitcoin and still be short another $40 million even when the BTC in known MtGox accounts are taken into account.

[DutchBrat]

They have $63 mln more liabilities than assets.... i.e. they can't give everyone 100% back