Unconfirmed tweet that MtGox lawyer making statement now.

[Bitcoinpro]

this is turning into a freak show that would hardly have been enough to cause bankruptcy

just goes too show the corrupt bankers have accepted defeat now every million they can con

out of you is a plus

[broolstoryco]

Do we have any more information regarding the statement? What about the exact nature of the liabilities? anything?

[ZeroBarrier]

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  

They didn't file for bankruptcy, they filed for bankruptcy protection; huge difference.

I guess you missed that class that one day, huh?

[ilpirata79]

Who got bitcoins on the exchange? Is it going to get something?

Best regards,
ilpirata79

[LeChatNoir]

Who got bitcoins on the exchange? Is it going to get something?

Best regards,
ilpirata79

I don't think so, why the fu.ck would the fat ass give back something at this point.

[crazynoggin]

This should be interesting, I  wonder what the real reason is behind this debt. Considering they haven't filed for bankruptcy yet, there may be a way they can recover the funds, they are just not currently accessible. Also, this means that they are likely going to try to come back.

[Zarathustra]

*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.

Seems plausible:

http://goxbalance.com/

[DutchBrat]

*DJ Mt. Gox Lawyer: 750,000 Bitcoin Held by Clients, 100,000 Held by Mt. Gox Mostly Missing
*DJ Mt. Gox Lawyer: Missing Bitcoin May Have Been Withdrawn Through System

[studio1one]

Who got bitcoins on the exchange? Is it going to get something?

Best regards,
ilpirata79

Well, it is more likely than if they had filed for bankruptcy but no one actually knows.

[eldentyrell]

The cold wallets would still technically count as an asset.

Very true, but if they really have lost the keys then that asset is certainly not worth 100 cents on the dollar.  Or yen.  Or whatever.

[Bitcoinpro]

Do we have any more information regarding the statement? What about the exact nature of the liabilities? anything?

this is a big scam going on here no information is being made public at all

[Bitcoinpro]

The cold wallets would still technically count as an asset.

Very true, but if they really have lost the keys then that asset is certainly not worth 100 cents on the dollar.  Or yen.  Or whatever.

no keys have been lost that is ridiculous where did you get this information ?

[DutchBrat]

*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B
*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened

[studio1one]

*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B
*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened

If true they have more than half of their liabilities at book. Worst case scenario would be creditors getting 50% back.

We'll see the veracity of claims in the near future.

[billington.mark]

Where is the official press release? are we basing all these posts on some tweets and the WSJ link?

[jl2012]

*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.

I'm pretty surprised to learn that's only $60 million. In this case many people can bail it out. Just not sure how they calculate the value of bitcoin. I guess $130/BTC?

[RaTTuS]

http://headlines.yahoo.co.jp/videonews/fnn?a=20140228-00000938-fnn-bus_all

[ilpirata79]

*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.

I'm pretty surprised to learn that's only $60 million. In this case many people can bail it out. Just not sure how they calculate the value of bitcoin. I guess $130/BTC?

I guess they haven't even considered lost bitcoins.

Best regards,
ilpirata79

[DutchBrat]

*CALL CENTER WILL BE SET UP FOR MT. GOX CUSTOMERS

[studio1one]

*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.

I'm pretty surprised to learn that's only $60 million. In this case many people can bail it out. Just not sure how they calculate the value of bitcoin. I guess $130/BTC?

I guess they haven't even considered lost bitcoins.

Best regards,
ilpirata79

for the sake of filing for bankruptcy protection they will have had to count coins in hand as an assett. I would guess at 130 USD / BTC as that was closing price.

This would make sense as to why they let out no info, closed withdrawals and let the price tank. It was in their interest. The lower the price of each coin on their balance sheet, the lower their debt would be when filing for protection.