MtGox announce finding of 200,000 lost BTC!

[Gotgoxed]

this is like seeing you're about to get pinched for shoplifting
by the security guards at the exit of the mall
and you "suddenly remember" you have merchandise in your pocket
that you didn't pay for.

Hahaha, so true!

[jonald_fyookball]

https://i.imgur.com/JC8SLKK.jpg

[cafminer1]

Is there any proof that mtgox had a total of 850k btc in hot and cold storage? I do not consider the hacked mtgox data as a proof here because the data could have been modified in order to present a larger total (btc or fiat) balance. I believe that any information is leaked is in purpose and MK is responsible for the leaks.

More the amount of btc or fiat that Mtgox claims as lost, less the percentage that Karpeles pays back to gox customers.

Good point, no doubt.

That s why the fat bastard must be squeezed until no one else complains he owes any fiat or BTC, until no satoshi drops out from his ass hole. It is very easy for Fuckarpeles to take 1000 from someone, say "I owe 1 million" and pay them 0.001 to quit the debt.

[lorix]

Too right....

One does not simply LOSE what at one time was over $200 Million+ dollars of Bitcoin and "suddenly" discover it later when the heat is on...

[pixskull]

http://www.dailytech.com/Bitcoin+King+Mt+Gox+CEO+Mark+Karpels+History+of+Arrests+Firings/article34442.htm

Crazy article especially to think the man who's been arrested for computer crimes before was handling what was the biggest exchange.

[Nathonas]

I really don't know what to make of this. To the best of my knowledge the founders of Mt.Gox are already incredibly rich due to being early adopters of Bitcoin. I just don't understand why they would rob people when they're already rich. But at the same time, if they are innocent, how in the hell do you just "find" a wallet with 200k coins.

[cadcoin]

It became very obvious now. I think a slight anal probe will make Fat Marky cough up the rest of  bitcoins.

[hensi]

i dont think that they'll be able to find anything.

[Bit_Happy]

Oops I forgot I had $115 Million dollars in an old wallet.  Really??  Does common sense tell you that one can just forget that large amount.  He should be brought up criminal charges and put away for life in a cell right next to Madoff.

Common sense says he is indeed a criminal, but...
Is he acting alone or part of a team?

[Gotgoxed]

I really don't know what to make of this. To the best of my knowledge the founders of Mt.Gox are already incredibly rich due to being early adopters of Bitcoin. I just don't understand why they would rob people when they're already rich. But at the same time, if they are innocent, how in the hell do you just "find" a wallet with 200k coins.

Good point! Mind boggling the development of this story!

[mysidia]

so ummm when do we get our BTC back ?

It's too late.  Bankruptcy already declared.
You can bet.... the bulk will end up going to the lawyers.

The rest will go to secured creditors including account holders;
with Gox  paying pennies on the dollar, of what they owe.

Nothing left for unsecured creditors.

And equity holders/investors probably liable to return any dividends or distributions they had received, back to the bankruptcy estate.

[ilpirata79]

so ummm when do we get our BTC back ?

It's too late.  Bankruptcy already declared.
You can bet.... the bulk will end up going to the lawyers.

The rest will go to secured creditors including account holders;
with Gox  paying pennies on the dollar, of what they owe.

Nothing left for unsecured creditors.

And equity holders/investors probably liable to return any dividends or distributions they had received, back to the bankruptcy estate.

It MAY end, probably, in this way, but currently it's only CIVIL REHABILITATION.

Best regards,
ilpirata79

[jonald_fyookball]

I really don't know what to make of this. To the best of my knowledge the founders of Mt.Gox are already incredibly rich due to being early adopters of Bitcoin. I just don't understand why they would rob people when they're already rich. But at the same time, if they are innocent, how in the hell do you just "find" a wallet with 200k coins.

Already rich but succumbed to greed.

[frito]

Is that cause for the recent price dip, or is it the Blockchain.info issues?

I'm still unclear what caused the decline the last couple of days.

1.as if u can always identify causes of price movement....
2.They Did not Sell the "found" BTC nor did they pay off gox customers yet.

[TippingPoint]

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness ...

[Bit_Happy]

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness ...

We are at a tipping point, TippingPoint.
How soon will the next $200,000 BTC be found?

[crazynoggin]

Oh wow, so the question is, how many of these old wallets they forgot about hold coins. Sounds like a case of horrible accounting practices and/or horrible coding on their end.

[QuestionAuthority]

[crazy_rabbit]

I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension.

[Bit_Happy]

Oh wow, so the question is, how many of these old wallets they forgot about hold coins. Sounds like a case of horrible accounting practices and/or horrible coding on their end.

I didn't think this story could get more crazy, but here we go. What company misplaces and forgets about $100 million is beyond my comprehension.

He had it all written on a Starbucks napkin, which sadly was accidentally thrown away.
Don't worry the next 200,000 BTC are due to be found soon.