Author

Topic: Gox have at least 200k BTC - lost keys or GAG ORDER most likely not theft (Read 10162 times)

full member
Activity: 129
Merit: 100
yeah unless they sold/moved(or lost:) the private keys to another owner, Gox should have these coins and not just 2000....
legendary
Activity: 1106
Merit: 1007
Hide your women
Has is begun to sink in to people yet that the significance of the Crises report and the Gox business plan is that Karpeles was spending an enormous amount of time and energy attempting to attract new capital and cash plows when he could have been spending that time attempting to recover private keys if that was possible?

The fact that he was trying to get new money instead of hiring tech experts and locking down his servers should be telling to anyone paying attention.  Mark himself considered attracting new new capital inflows a more viable option than recovery of lost coins. If Karpeles thought that, with access to the information he has, why would we with almost no information think differently?
newbie
Activity: 30
Merit: 0
Why did they kill E-Gold?
Was a threat to banking cartel that controls US gov
hero member
Activity: 924
Merit: 1000

Quote
##mtgox-statement

[15:44] <@bit14> I was just talking with gmaxwell on PM
[15:44] <@Lao_Ban__> This is awesome, IUm glad I stayed up
[15:44] <@bit14> he's skeptical in the sense that this doesn't prove those addresses still belong to gox and they weren't privately issued manual withdrawals for high profile customers
[15:44] <@bit14> which in theory could be right, but feels like a long shot
[15:47] i agree
[15:47] <@bitinstant> I highly doubt it
[15:47] <@bitinstant> We found a connection
[15:47] <@bitinstant> one of the 50k addresses is mtgox green address

Very interesting. That would indicate they control it, for the noobs.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
Why would the government take ALL coins? Is that typical? Like if I launder money through a bank and the bank knows nothing about it, would the government take all the cash on hand? That seems crazy as shit to me. Why not just take the coins that you were interested in?

Why did they kill E-Gold?
sr. member
Activity: 365
Merit: 250

Quote
##mtgox-statement

[15:44] <@bit14> I was just talking with gmaxwell on PM
[15:44] <@Lao_Ban__> This is awesome, IUm glad I stayed up
[15:44] <@bit14> he's skeptical in the sense that this doesn't prove those addresses still belong to gox and they weren't privately issued manual withdrawals for high profile customers
[15:44] <@bit14> which in theory could be right, but feels like a long shot
[15:47] i agree
[15:47] <@bitinstant> I highly doubt it
[15:47] <@bitinstant> We found a connection
[15:47] <@bitinstant> one of the 50k addresses is mtgox green address
legendary
Activity: 896
Merit: 1000
Just found this on reddit

https://pay.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/cfq5xb2

[12:07] Anything else you'd like to say to everyone before all the pissed off people start going nuts, even more...?
[12:09] not really
[12:09] maybe just a link? something like that: Why do we fall? - 9GAG
With the 9Gag being an image site that he linked to http://9gag.com/gag/a442vZw taken on face value its just a movie quote, but what if using 9GAG was his attempt to send out a message again, with plausible deniability if called out on it?

Gox being served with a gag order from FBI would actually make sense and also answer the question why so little information has been given out to the "public"

I think the ties between the bust of silk road and Gox is bigger than we might realize.

Dread Pirate Roberts / slik road probably used Gox for trading and held of lot of coin / $ there, leading FBI to take a closer look at Gox and halting operations with US banks and possible locking down the cold wallets to secure any needed proof.



This is from an ongoing IRC chat minutes ago, chat ##mtgox-statement:

Quote
[15:27] I just blew the doors off this thing guys.. I found the money
[15:27] <@bitinstant> ^
[15:28] <@Lao_Ban__> So, what now?
[15:28] <@bitinstant> Were documeting it all now
[15:28] <@bitinstant> and going to publish it

Theres 5 people in that IRC, why are you taking it seriously?
hero member
Activity: 1302
Merit: 502
Why would the government take ALL coins? Is that typical? Like if I launder money through a bank and the bank knows nothing about it, would the government take all the cash on hand? That seems crazy as shit to me. Why not just take the coins that you were interested in?
hero member
Activity: 742
Merit: 500
So within 6 months, and using our own taxpayer money, the U.S. government has become the single largest holder of Bitcoins in the world? This is a joke. They're bigger crooks than the people they busted on darknet.

I am seriously starting to lose faith.
sr. member
Activity: 365
Merit: 250
Just found this on reddit

https://pay.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/cfq5xb2

[12:07] Anything else you'd like to say to everyone before all the pissed off people start going nuts, even more...?
[12:09] not really
[12:09] maybe just a link? something like that: Why do we fall? - 9GAG
With the 9Gag being an image site that he linked to http://9gag.com/gag/a442vZw taken on face value its just a movie quote, but what if using 9GAG was his attempt to send out a message again, with plausible deniability if called out on it?

Gox being served with a gag order from FBI would actually make sense and also answer the question why so little information has been given out to the "public"

I think the ties between the bust of silk road and Gox is bigger than we might realize.

Dread Pirate Roberts / slik road probably used Gox for trading and held of lot of coin / $ there, leading FBI to take a closer look at Gox and halting operations with US banks and possible locking down the cold wallets to secure any needed proof.



This is from an ongoing IRC chat minutes ago, chat ##mtgox-statement:

Quote
[15:27] I just blew the doors off this thing guys.. I found the money
[15:27] <@bitinstant> ^
[15:28] <@Lao_Ban__> So, what now?
[15:28] <@bitinstant> Were documeting it all now
[15:28] <@bitinstant> and going to publish it
member
Activity: 112
Merit: 10
Just found this on reddit

https://pay.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/cfq5xb2

[12:07] Anything else you'd like to say to everyone before all the pissed off people start going nuts, even more...?
[12:09] not really
[12:09] maybe just a link? something like that: Why do we fall? - 9GAG
With the 9Gag being an image site that he linked to http://9gag.com/gag/a442vZw taken on face value its just a movie quote, but what if using 9GAG was his attempt to send out a message again, with plausible deniability if called out on it?

Gox being served with a gag order from FBI would actually make sense and also answer the question why so little information has been given out to the "public"

I think the ties between the bust of silk road and Gox is bigger than we might realize.

Dread Pirate Roberts / slik road probably used Gox for trading and held of lot of coin / $ there, leading FBI to take a closer look at Gox and halting operations with US banks and possible locking down the cold wallets to secure any needed proof.

hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars

Mark doesn't come across as a bumbling idiot who loses private keys in that post.

It certainly makes the "cold wallets drained by hot wallets" look like even bigger BS than it was already.
sr. member
Activity: 365
Merit: 250
Just found this on reddit

https://pay.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/cfq5xb2

[12:07] Anything else you'd like to say to everyone before all the pissed off people start going nuts, even more...?
[12:09] not really
[12:09] maybe just a link? something like that: Why do we fall? - 9GAG
With the 9Gag being an image site that he linked to http://9gag.com/gag/a442vZw taken on face value its just a movie quote, but what if using 9GAG was his attempt to send out a message again, with plausible deniability if called out on it?
sr. member
Activity: 365
Merit: 250

If there is an US gov investigation which is forcing Mark to cooperate they could issue a gag order, that would explain the silence.

That would be extremely interesting, seeing that Mark is a French citizen living in Japan.

Silk Road users could very well use gox to withdraw cash or buy btc on the early years.

This alone is an excuse for an intervention given that Japan is a very cooperative jurisdiction, not farfetched to imagine a cooperation between Karpeles and the US gov given that he has seized assets on US.

If true, that opens an interesting possibility: Mark may actually be trying to protect customer's funds.

https://bitcointalksearch.org/topic/m.1583179

From MagicalTux on bitcointalk:

Someone asked:

back to JPY....a nightmare for the US to try and enforce anything at all or at least quickly and not always on the friendliest terms with regional neighbors

To which, MagicalTux replied:

Japanese government is friendly to US, and also implements things such as FACTA. Also the US government can pressure any bank worldwide by threatening of cutting them off USD. A bank in any country that can not transfer USD anymore is of no use to anyone. US government has been doing this so far to get accounts held by "terrorists" (people linked to North Korea, mafia, actual terrorists, etc) and while Bitcoin is still too small to get this kind of response, it's a good idea to stay friendly with the US govt. at this point and let Bitcoin grow and gain in legitimacy.

Once again shows his willingness and desire to cooperate with the US Gov.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol

If there is an US gov investigation which is forcing Mark to cooperate they could issue a gag order, that would explain the silence.

That would be extremely interesting, seeing that Mark is a French citizen living in Japan.

Silk Road users could very well use gox to withdraw cash or buy btc on the early years.

This alone is an excuse for an intervention given that Japan is a very cooperative jurisdiction, not farfetched to imagine a cooperation between Karpeles and the US gov given that he has seized assets on US.

If true, that opens an interesting possibility: Mark may actually be trying to protect customer's funds.
sr. member
Activity: 365
Merit: 250
I'm still missing in the IRC logs where they discuss a 550,000 BTC proof move transaction... or a link between the addresses with money in them and the 424K proof transaction..... can you clarify?

I verified the first address which is one of the two addresses that received the first 50k bitcoins.

Best regards,
ilpirata79

Yes, I know that 1P3S1grZYmcqYDuaEDVDYobJ5Fx85E9fE9 received the first 50,000 of the 29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf transaction... but what links the 29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf transaction back to mtgox? I don't see any logs about a 550K BTC transaction, just the 424K one.

http://www.reddit.com/r/Bitcoin/comments/1z37zw/mt_gox_has_at_least_200k_btc/cfq2s5d
sr. member
Activity: 294
Merit: 250
I'm still missing in the IRC logs where they discuss a 550,000 BTC proof move transaction... or a link between the addresses with money in them and the 424K proof transaction..... can you clarify?

I verified the first address which is one of the two addresses that received the first 50k bitcoins.

Best regards,
ilpirata79

Yes, I know that 1P3S1grZYmcqYDuaEDVDYobJ5Fx85E9fE9 received the first 50,000 of the 29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf transaction... but what links the 29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf transaction back to mtgox? I don't see any logs about a 550K BTC transaction, just the 424K one.
sr. member
Activity: 353
Merit: 253
I'm still missing in the IRC logs where they discuss a 550,000 BTC proof move transaction... or a link between the addresses with money in them and the 424K proof transaction..... can you clarify?

I verified the first address which is one of the two addresses that received the first 50k bitcoins.

Best regards,
ilpirata79
sr. member
Activity: 365
Merit: 250

If there is an US gov investigation which is forcing Mark to cooperate they could issue a gag order, that would explain the silence.

That would be extremely interesting, seeing that Mark is a French citizen living in Japan.

Silk Road users could very well use gox to withdraw cash or buy btc on the early years.

This alone is an excuse for an intervention given that Japan is a very cooperative jurisdiction, not farfetched to imagine a cooperation between Karpeles and the US gov given that he has seized assets on US.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol

If there is an US gov investigation which is forcing Mark to cooperate they could issue a gag order, that would explain the silence.

That would be extremely interesting, seeing that Mark is a French citizen living in Japan.
member
Activity: 93
Merit: 10
If 750k coins are lost or stolen, there is a 0% chance of getting money back. It would cost >1 billion dollars to acquire those coins. How long would it take them to recoup 1 billion? A long time. Like.. theyll never recoup it.

So, what do they choose? Nothing. Either they have the coins or they dont.



But the users DO have a choice. At least it's much better than zero. Or suing to get a 5 dollars compensation (the money split among all users). And it's not only a good choice - it could improve all the exchanges and bitcoin in the process. With a much better security and environment.
  A environment built like the bitcoin. We shouldn't trust in the owner of an exchange. We should create a trustless exchange. And if the 1 million shareholders will agree to be joint owners, the exchange built will be even more profitable than the old one (which was already profitable)

We will give a great example to the world. People will truly see then that bitcoin related things don't fail so easily. And all the news/media proclaiming the death of bitcoin because of GOX, will look like idiots.

https://bitcointalksearch.org/topic/open-letter-to-mark-karpeles-voluntary-reorganization-best-option-for-us-all-489949  (Voluntary Reorganization Best Option for Us All)

https://www.facebook.com/pages/MtGox-Recovery-Initiative/1394428424158424   - Like and spread the word

sr. member
Activity: 294
Merit: 250
I'm still missing in the IRC logs where they discuss a 550,000 BTC proof move transaction... or a link between the addresses with money in them and the 424K proof transaction..... can you clarify?
sr. member
Activity: 365
Merit: 250
Maybe there is another issues we aren't grasping, he is constantly saying about other parties involved.

If there is an US gov investigation which is forcing Mark to cooperate they could issue a gag order, that would explain the silence.

Also depending on where is the cold storage the authorities could very well restrict Karpeles from using them.

It is just thoughts but it would add a little bit of reality on the matter, because it is impossible to lose so much on theft, and nobody stay so quiet while the business you are working so hard crumble to pieces.

What is not being said is what matter the most.

http://www.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/
hero member
Activity: 546
Merit: 500
hm
So mark just could sign this addresses, so there would be proof! The address with the 424242.42424242 transaction is empty now. And really? Sending a unique number is his way to proof he has the coins? pff


Losing keys is my worst nightmare

This would be a sweet headline. "Bitcoins worth mayn millions are simply lost".
-> I think this would be good news. It teaches the people about Bitcoin (ah, there are something called private keys) and about prices (ah supply goes down with same demand is a higher price? Even with money).
And, this would make everyone with coins a little bit richer. The supply would decrease by a few 100 000.
legendary
Activity: 896
Merit: 1000
Whether the bitcoins are lost or not is irrelevant. The fact is Gox has 1 million shareholders which could stand to lose millions. What will they do ? What will they chose ?

If 750k coins are lost or stolen, there is a 0% chance of getting money back. It would cost >1 billion dollars to acquire those coins. How long would it take them to recoup 1 billion? A long time. Like.. theyll never recoup it.

So, what do they choose? Nothing. Either they have the coins or they dont.





Can someone help me understand the whole wallet encryption thing? I never quite understood it.
member
Activity: 93
Merit: 10
Whether the bitcoins are lost or not is irrelevant. The fact is Gox has 1 million shareholders which could stand to lose millions. What will they do ? What will they chose ?
member
Activity: 84
Merit: 10
THIS IS FROM 2011

Even the IRC chat posted is from 2011.

http://pastebin.com/d7vp06hL

This is irrelevant and proves nothing.

You're missing the point

I think I've got you now. Interesting...
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
THIS IS FROM 2011

Even the IRC chat posted is from 2011.

http://pastebin.com/d7vp06hL

This is irrelevant and proves nothing.

You're missing the point
sr. member
Activity: 431
Merit: 251
Yeah, that shows they had it in 2011, but doesn't prove they have squat today.

It does prove that the BTC is owned by mtgox and the BTC is STILL there.... assuming the IRC is not faked. which means the question is:
Does mtgox have the private key for these addresses?

Ahh, gotcha, I misunderstood.
legendary
Activity: 1064
Merit: 1001
Yeah, that shows they had it in 2011, but doesn't prove they have squat today.

It does prove that the BTC is owned by mtgox and the BTC is STILL there.... assuming the IRC is not faked. which means the question is:
Does mtgox have the private key for these addresses?

I would assume these wallets are being encrypted with different keys. If you do this, I think you're not stupid enough to put the encryption keys in the same place. This makes me to believe access is possible but unavailable. Maybe he put them in safes in banks but cannot access them.

Otherwise, fuck yea... 200k coins lost forever if he lost the keys.
member
Activity: 84
Merit: 10
EDIT: Okay, I see what you're saying. These bitcoins are in the same addresses as they were in 2011?
sr. member
Activity: 294
Merit: 250
Yeah, that shows they had it in 2011, but doesn't prove they have squat today.

It does prove that the BTC is owned by mtgox and the BTC is STILL there.... assuming the IRC is not faked. which means the question is:
Does mtgox have the private key for these addresses?
member
Activity: 106
Merit: 10
So basically what is being said is that these addresses are known mtgox addresses
(Known according to these IRC logs....) Can anyone else confirm somehow that these are known mtgox wallet addresses?
:

50k 1P3S1grZYmcqYDuaEDVDYobJ5Fx85E9fE9 first input: 11/16/2011 05:59:08
40k 1cXNTyXj4xPGopfYZNY5xfSM1EPJJvBZV first input: 11/16/2011 05:59:08
40k 12HddUDLhRP2F8JjpKYeKaDxxt5wUvx5nq first input: 11/16/2011 05:38:46
40k 16Ls6azc76ixc9Ny7AB5ZPPq6oiEL9XwXy first input: 11/16/2011 05:38:46
30k 1MyGwFAJjVtB5rGJa32M6Yh46cGirUta1K first input: 11/16/2011 05:45:03


so basically mtgox has at least 200,000 in their "ownership" but might have lost the private keys for them.

Ahh, I see. Thanks.
sr. member
Activity: 431
Merit: 251
Yeah, that shows they had it in 2011, but doesn't prove they have squat today.
sr. member
Activity: 294
Merit: 250
So basically what is being said is that these addresses are known mtgox addresses
(Known according to these IRC logs....) Can anyone else confirm somehow that these are known mtgox wallet addresses?
:

50k 1P3S1grZYmcqYDuaEDVDYobJ5Fx85E9fE9 first input: 11/16/2011 05:59:08
40k 1cXNTyXj4xPGopfYZNY5xfSM1EPJJvBZV first input: 11/16/2011 05:59:08
40k 12HddUDLhRP2F8JjpKYeKaDxxt5wUvx5nq first input: 11/16/2011 05:38:46
40k 16Ls6azc76ixc9Ny7AB5ZPPq6oiEL9XwXy first input: 11/16/2011 05:38:46
30k 1MyGwFAJjVtB5rGJa32M6Yh46cGirUta1K first input: 11/16/2011 05:45:03


so basically mtgox has at least 200,000 in their "ownership" but might have lost the private keys for them.
member
Activity: 84
Merit: 10
I don't get it, someone please explain in english. Looks like a bunch of transactions from 2011.

Agreed. Why the 2011 dates? These IRC chats look very easy to fake.
member
Activity: 106
Merit: 10
I don't get it, someone please explain in english. Looks like a bunch of transactions from 2011.
sr. member
Activity: 294
Merit: 250
but the address he sent the 424k is now empty....
https://blockchain.info/address/1eHhgW6vquBYhwMPhQ668HPjxTtpvZGPC

what am I missing?
legendary
Activity: 1064
Merit: 1001
What do you mean lost keys? Isn't Gox using some kind of cold wallet encryption? Maybe they lost that, but not the wallet priv key itself.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
Losing keys is my worst nightmare
sr. member
Activity: 365
Merit: 250
This is an IRC conversation on 2011 when people asked Mark Karpeles to prove if he owned the coins on his exchange.

Quote
Start of #mtgox buffer: Thu Jun 23 01:57:23 2011
* Now talking in #mtgox
* Topic is 'Mt.Gox - Official channel - https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback - Official announcement in the next hours announcing time at which site will be back (at least 24h from announce). Recoveries will be processed during those 24h - Trading will resume 1h after site opening'
* Set by MagicalTux on Wed Jun 22 16:28:08


go1dfish: I'll send 424242.42424242 bitcoins from a bunch of 50kBTC addresses (and maybe on 42kBTC) to one
well, two actually
one will get the 424k, the other one will get the change
ok, yeah all transactions get split that way as I understand it
ready guys? Don't come after me claiming we have no coins after that
hopefully I'll be able to work without getting too much disturbed after that~
yeah, ready
MagicalTux: wasn't your last tx 432K btc? lost 8k?
no
thats just the amount someone suggested
(the 424242)
ah
42 is the answer
to everything
42 is my password!
lol
hehe ic
42 is the solution to every block to
wait what's going on, is he proving he has our bitcoins still?
shit I just ruined the economy
what does this help
theres a lot of people crying wolf saying gox doesnt have their btc anymore
don't send them to the bitcoin eater please Smiley
mabus: tux is shuffling large numbers of bitcoins to show they are still under his control
anyway, going to send to 1eHhgW6vquBY... the 424242.42424242 btc.

IRC Source: http://pastebin.com/d7vp06hL

BTC Adresses: http://pastebin.com/q4EV1xAc

http://www.reddit.com/r/Bitcoin/comments/1z3cni/proofs_that_gox_have_at_least_200k_btc/
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