Topic: Important. Gox, have not filed for bankruptcy - page 2. (Read 4633 times)

I'd just posted that link in this thread directly above you 21 minutes earlier.
Try to keep up.

thru danger is
FED
The Fed doesn't have authority with respect to Bitcoin," she said. "But certainly it would be appropriate for Congress to ask questions about what the right legal structure would be for digital currencies.and since we know that the U.S. Congress is an honest and honorable institution that cares about the betterment of the little guy and peace in the world as what they misled the peace in Iraq, Afghanistan, Libya

second it is imposibile tu treft 800000 btc from hot and cold walett.This is story for baby. all  double acounting have

 BTC
In out
BTC hot walett
in out
BTC cold walett
in out

Client
in out
Profit
in

Total 0

Imposibile is closing acounting software situation if number is not right.
 

This would suggest to me that he indeed does know the whereabouts of all the BTC.
Also he has a personal wealth of $250 million...enough to pay back each investor 60% or so.

Read more: http://www.dailymail.co.uk/news/article-2570159/Bitcoin-firm-hacked-virtual-bank-heist-goes-bankrupt-leaving-NO-prospect-investors-getting-hundreds-millions-pounds.html#ixzz2udjpOszv

The British press take on it:

http://www.dailymail.co.uk/news/article-2570159/Bitcoin-firm-hacked-virtual-bank-heist-goes-bankrupt-leaving-NO-prospect-investors-getting-hundreds-millions-pounds.html

In my view they would have to be insane to bring Gox back in any form. I doubt the community would trust them again even without Mark's involvement....although I am sure he will try to be part of it somehow.

"Bankruptcy protection" allow Mtgoxs management a rewrite all their belongings and money to distant relatives, and as a result of the financial balance sheet of the mtgox and its stuff will be ZERO, and then we do not be refund our money!

if that plan works - what does it mean for all of us who hang in with our money?
appreciate any support to understand it

Technically, you are right I can't demonstrate and prove that the buying entity is Gox or related to the new branding, but the fact that so many coins were bought by a buyer that works differently than the way the market usually work is evident. Just look at the charts on http://bitcoinwisdom.com/

Source? Proof?

Nice post and I am inclined to agree.

Disclaimer: I am one of the Goxxed and may not be in full possession of all my marbles while still firmly in the denial stages of grief.

Guys,

This looks more like a restructure and rebrand now than before...
"Bankruptcy Protection" has some similarities to "Bankruptcy" but there is a huge difference...

http://www.ehow.com/info_8053559_bankruptcy-vs-bankruptcy-protection.html
http://www.differencebetween.net/business/difference-between-bankruptcy-and-bankruptcy-protection/

It is basically a protection from the court to give them time to restructure and remodel and rebrand and re-everything (recode, relocate etc) while investors cannot sue them during that time:
http://www.zalkinrevell.com/bankruptcyprotection.html

So.. think about it, if they are going to rebrand and start new, what is the next step they need to make? this one.

Some evidence:
1. There was a HUGE btc debt erasing for a low $ value in the last weeks of trade on MTGox. (about 350k-400k coins have been erased as debt for a sum of around $63,000,000 - $72,000,000 ($180 per coin).
2. Gox.com redirects to MTGox.com.
3. Gox.com registry shows it was recently changed to the name of Mark Carpeles.
4. Mark said other parties are involved in trying to find a solution to this current problem, its live on mtgox.com
5. It's obvious that not taking a step to save and rescue almost a million MTGox customers can damage Bitcoin severely in the long run, due to more banks not agreeing to work with BTC companies, more regulation straggling Bitcoin businesses, panic from main stream and more. Therefore it is an incentive for big players to intervene.
6. On the document where a rescue plan is discussed and structured, the date for the shut-down of MTGox's website/trade is Japan morning time of the 25th February 25th. The document was released BEFORE the shut down happend, and indeed it was at the time specified.
7. The next step, according to the document is to restructure and Mark to step down.

In my view, the chances of that rescue plan to be happening just got a lot bigger.

Obviously, I might be wrong, and obviously even if a plan IS happening it doesn't guarantee it will succeed.

Anyway, I think you should know and realize that this is (in my opinion) probably what is going on.
We should get a statement on MTGox.com website within a week in my opinion.

I would have to agree. I had not invested anything with Gox, but was thinking about it before I leant about all the btc apparently stuck in the system.
It seems it has been going on for a long, long, time.

Although I have not researched this much, I also strongly suspect Mark knows where the 'missing' btc are

I still think that Mark might be able to find people to revamp Gox as planned.
Obviously he still has possession of many many bitcoins. That is SO fu**ing god damn obvious.
The idea that the guy running the world's biggest Bitcoin exchange all of a sudden has NO BITCOINS LEFT!!!!!???

I bloddy well sent some to him just a few weeks ago!. And he had NO COLD STORAGE?!! WTF?

THIS IS A LIE
He should be arrested for FRAUD, he was still selling Bitcoins AFTER he stopped withdrawals - i.e. AFTER he KNEW (supposedly) that he had no coins to sell - what is that if it isn't plain and simple FRAUD. Selling something you don't have?

Anyway I digress... He will wait until the BTC price resurges, sell all his stolen coins and then somehow try to get Gox back online.

At least I hope so. I'm suing him anyway though.

It would appear to me that Gox are just trying to avoid the US subpoena filed against them.

As far as I can tell, the $63.6 million refers only to their liquid liabilities (basically the debts which are due in cash). 

www.reuters.com/article/2014/02/28/bitcoin-mtgox-bankruptcy-idUSL3N0LX36C20140228

If that's the case, then the news isn't contradictory.

http://www.coindesk.com/mt-gox-files-bankruptcy-claims-63-6m-debt/ so which news are correct?

Yup.

So much for my optimism. Think I need to reassess my worst case scenario

I don't believe he will really try to continue with the business, he is delusional.

There's a thread on reddit in which someone claims that the translation of the news conference reveals that they've filed for civil rehabilitation.  Unfortunately, that same translation says they lost 85 million BTC (4 times all the BTC which will ever exist) so I don't regard it as reliable.

This pastebin of an IRC chat with Mark earlier today also suggests that he still believes there may be a "way out".

pastebin.com/YGr2WTvD

The ~ $63 million seems to be liquid liabilities (and so presumably doesn't include BTC).

http://www.cnbc.com/id/101455170

just like when i jumped to a conclusion a year ago that the whole company was a complete turd and this forum defended their fugitive buddy Mark

aka Magical Tux Toof and Nail