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Author Topic: Mtgox , Assets 38M, debt 63M, How?  (Read 843 times)
tonychow
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February 28, 2014, 03:33:39 PM
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Mystery again. How they value the missing 744K bitcoins and come with the number of debt only 63M?
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1531933777
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feardox
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February 28, 2014, 03:41:30 PM
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Mystery again. How they value the missing 744K bitcoins and come with the number of debt only 63M?
its called the name of the game. Greedy bastards that manipulate everything to make us look like we're idiots while they make so much.
Keep mining/buying... its good they went down hill

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virtualprofit
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February 28, 2014, 04:15:33 PM
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Easy to understand , in japan a Bitcoin has no value , it's not an asset that count in your accounting. So why 63 Millions ? Because Mtgox has lost this amount of your fiat money ...

They have a negative balance with:
-744 408 customers' bitcoins
- around 100 000 mtgox' bitcoins
- 63M fiat customers

They have in assets :
22,43 M$ of customers in bank account
5M$ Held by coinlab . Why ?  Huh
5.5M$ held by DHS . (Seized by usa  ?)

So all peoples with bitcoins , they are really lost.
Peoples with fiat have a little chance to recover maybe around 30% of their fiats.
tonychow
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February 28, 2014, 05:44:46 PM
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in japan a Bitcoin has no value , it's not an asset that count in your accounting.

Is this true?
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