Mt. Gox Cold Storage?

[tkbx]

If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?

[nikkisnowe]

It was either a lie or else Karpeles or a group of insiders stole from a cold wallet.  Who knows?  This is one of a number of the 500 million dollar questions.  You're about two weeks behind everyone else with this question.

[roslinpl]

If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?

Well MtGox is playing a games that they do not know the rules I think.
I remember there was some information about MtGox and cold storage of their BTC but perhaps this is already forgotten and it is hard to say - was it a lie or not or what....

[eztezt]

http://www.reddit.com/r/Bitcoin/comments/20bh0w/richest_address_since_2011_until_2014_has_made/

[Slab Squathrust]

If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?

From what Mt. Gox says, they stored their cold storage wallet too close to the "hot wallet".  It sprung a leak, and they are now insolvent.  I'm sure spontaneous wallet leaks are a "bug" in bitcoin.  

[jaybny]

think Bernie Madoff