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Topic: Gox Gone, Insolvent - page 5. (Read 13033 times)

full member
Activity: 123
Merit: 100
February 25, 2014, 12:10:31 AM
#26
Bye bye!

And buy buy buy buy!

on Coin Market, of course Smiley
sr. member
Activity: 406
Merit: 250
February 25, 2014, 12:09:40 AM
#25
But But But, Gox is just taking a break.  We owe Karpeles an apology for wrongfully accusing him of being a dick.

No, no, MTGOX isn't incompetent or worse, a bunch of criminals, there's just a technical issue, you'll see, things will be better tomorrow.


I know I missed a few other silly things the GOX lovers will say, but these are just some that come to mind.  Dumb phucks.
legendary
Activity: 1536
Merit: 1000
electronic [r]evolution
February 25, 2014, 12:08:49 AM
#24
Well if Gox puts up a "freshly branded static homepage" with a resignation letter from Mark Karpelès then I guess there's no denying the validity of that document.
full member
Activity: 224
Merit: 100
February 25, 2014, 12:07:31 AM
#23
Brother, Sorry to hear! I am also currently down on what I invested into Bitcoinbuilder for GOX BTC - We all knew the risks - I'm sure you'll be back to where you where in no time Wink
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
February 25, 2014, 12:05:06 AM
#22
LOL @ all the fools who were buying goxbtc with real btc... what losers!
dab
newbie
Activity: 42
Merit: 0
February 25, 2014, 12:02:39 AM
#21

Everyone thought this was FUD - Under the new re-structuring, those people who have funds (fiat/BTC) within Gox; do you think they give back to client base?


Doubt it. My .6btc is probably gone forever xD Time to GPU mine again to build up.
legendary
Activity: 1232
Merit: 1011
Monero Evangelist
February 25, 2014, 12:01:00 AM
#20
Circle.com still has the original insolvency joint announcement: http://www.circle.com/2014/02/24/joint-statement-regarding-insolvency-mt-gox/
But most sites removed it. So no insolvency now.
Maybe later. :-)
full member
Activity: 224
Merit: 100
February 25, 2014, 12:00:16 AM
#19

Everyone thought this was FUD - Under the new re-structuring, those people who have funds (fiat/BTC) within Gox; do you think they give back to client base?
newbie
Activity: 23
Merit: 0
February 24, 2014, 11:58:11 PM
#18
Circle.com still has the original insolvency joint announcement: http://www.circle.com/2014/02/24/joint-statement-regarding-insolvency-mt-gox/
legendary
Activity: 1232
Merit: 1011
Monero Evangelist
February 24, 2014, 11:54:58 PM
#17
rebranding with 1 month downtime
legendary
Activity: 1330
Merit: 1000
Bitcoin
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
February 24, 2014, 11:49:35 PM
#15
The exchange website is probably next Sad
hero member
Activity: 744
Merit: 514
gotta let a coin be a coin
February 24, 2014, 11:49:26 PM
#14
Here's some crisis docs that look kinda real - http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

legendary
Activity: 1232
Merit: 1011
Monero Evangelist
February 24, 2014, 11:44:57 PM
#13
gg Gox, been a ride
member
Activity: 113
Merit: 100
February 24, 2014, 11:44:04 PM
#12
Interesting comment under the blockchain.info statement:
Quote
John Marcus on February 25, 2014 at 3:25 am said:

Coinbase’s version of this statement omits any reference to insolvency. Also, the original title of your statement included the word ‘insolvency’, but has been removed (although the body of the text still includes it) – what’s going on?

Quote
John Marcus on February 25, 2014 at 3:27 am said:

    … and since I posted that reply above, the word ‘insolvency’ has been removed from the body of the text as well. Get your act together.

The circle article still has the world insolvency in the title and body of the statement though. And why is the first news of this insolvency coming from blockchain.info and not from Mt. Gox themselves? This is all very suspicious. And I thought blockchain.info was working with Mt. Gox to fix the malleability issue.

The fact that Mt. Gox could drag this out so long is despicable. They should have immediately halted traded from the moment they disabled withdrawals. The fact that they didn't only indicates that they were buying up coins on the cheap. And how could they continue taking deposits if withdrawals were disabled? This entire thing is mind blowing... a lot of people just got royally screwed by Gox and I feel sorry for them.


they removed the word "insolvency", and also in the last paragraph, this bold sentence was removed:

"Bitcoin operators, whether they be exchanges, wallet services or payment providers, play a critical custodial role over the bitcoin they hold as assets for their customers.  Acting as a custodian should require a high-bar, including appropriate security safeguards that are independently audited and tested on a regular basis, adequate balance sheets and reserves as commercial entities, transparent and accountable customer disclosures, and clear policies to not use customer assets for proprietary trading or for margin loans in leveraged trading. It does not appear to any of us that MtGox followed any these essential requirements as a financial services provider."
sr. member
Activity: 266
Merit: 250
I want free lunch, i'm gonna go with this guy.
February 24, 2014, 11:41:59 PM
#10
and that ladies & gentlemen was MTGox, bye bye.
newbie
Activity: 6
Merit: 100
February 24, 2014, 11:36:35 PM
#9
Anyone made screenshots? They removed the website seemingly...

This gives error
https://www.mtgox.com/press_release_20140207.html
https://www.mtgox.com/login


Guys who did not make screenshots, you just lost your money....
legendary
Activity: 1536
Merit: 1000
electronic [r]evolution
February 24, 2014, 11:41:32 PM
#9
Interesting comment under the blockchain.info statement:
Quote
John Marcus on February 25, 2014 at 3:25 am said:

Coinbase’s version of this statement omits any reference to insolvency. Also, the original title of your statement included the word ‘insolvency’, but has been removed (although the body of the text still includes it) – what’s going on?

Quote
John Marcus on February 25, 2014 at 3:27 am said:

    … and since I posted that reply above, the word ‘insolvency’ has been removed from the body of the text as well. Get your act together.

The circle article still has the world insolvency in the title and body of the statement though. And why is the first news of this insolvency coming from blockchain.info and not from Mt. Gox themselves? This is all very suspicious. And I thought blockchain.info was working with Mt. Gox to fix the malleability issue.

The fact that Mt. Gox could drag this out so long is despicable. They should have immediately halted trading from the moment they disabled withdrawals. The fact that they didn't only indicates that they were buying up coins on the cheap. And how could they continue taking deposits if withdrawals were disabled? This entire thing is mind blowing... a lot of people just got royally screwed by Gox and I feel sorry for them.
sr. member
Activity: 406
Merit: 250
February 24, 2014, 11:35:05 PM
#8
Big surprise is big.
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