Topic: Mark K "The coins are not lost, just temporarily unavailable" - chat log - page 2. (Read 4558 times)
February 26, 2014, 02:40:25 AM
I'd advise that anyone who wants 'their' BTC back from Mt. Gox to make ready to register with the authorities and be prepared provide a credible and documented description of how those sent to Mt. Gox came into one's possession.
February 26, 2014, 12:46:00 AM
I think the subpoena by the US Justice Department might actually be responsible for why the coins were "unavailable".
Ah! Yes, that sounds about right.
I can definitely see a federal magistrate interpreting his/her subpoena power to require they "preserve certain documents" to include not sending any BTC out of the company's wallets.
February 26, 2014, 12:19:13 AM
maybe they lost the passwd to decrypt the private keys and bruteforcing it on aws cloud
February 25, 2014, 11:53:14 PM
Just quoting Antonopoulos from here: http://antonopoulos.com/2014/02/25/
Quote
Based on this blog, it appears their “cold storage” was not in fact “cold” – which is either a stunning misrepresentation of their security or an outright lie. “Cold storage” does not “leak”. The idea that the funds were stolen, unnoticed, from cold storage, due to Transaction Malleability, strains the credulity of even the most gullible observers.
February 25, 2014, 11:48:08 PM
I read it differently - MK is referring to his personal stash of coins, not the exchange's.
I think this is quite likely. His comment was in response to the question: "How much did you lose yourself?".
His answers about the document as a whole were vague, that it was legit "more or less".
February 25, 2014, 11:43:20 PM
Hahaha,The Japanese authorities are looking into it.We'll see how this goes I think many will obviously be looking at the network very closely and on stamp and other exchanges for big sells.
Many of us knew they couldn't stay relevant while halting withdrawals on money and bitcoins as well...it doesn't give confidence.I am actually now wondering what happens to their IP considering I think someone mentioned they bought the bitcoin nick.
Many of us knew they couldn't stay relevant while halting withdrawals on money and bitcoins as well...it doesn't give confidence.I am actually now wondering what happens to their IP considering I think someone mentioned they bought the bitcoin nick.
February 25, 2014, 11:40:34 PM
I think the subpoena by the US Justice Department might actually be responsible for why the coins were "unavailable". Also might explain why he couldn't say a thing about what was going on and why he was consulting a lawyer this morning.
February 25, 2014, 11:39:29 PM
Gox should file for bankruptcy, let trustee and professionals handle this matter. This is in the best interest of everyone.
And perhaps more critically, avoid jail time for senior management. 
February 25, 2014, 11:39:20 PM
In other words:
"If you like your Bitcoins, you can keep them"
-Mark Karpeles
"If you like your Bitcoins, you can keep them"
-Mark Karpeles
February 25, 2014, 11:38:50 PM
I read it differently - MK is referring to his personal stash of coins, not the exchange's.
February 25, 2014, 11:38:00 PM
Gox should file for bankruptcy, let trustee and professionals handle this matter. This is in the best interest of everyone.
February 25, 2014, 11:37:04 PM
LOL @ unavailable bitcoins not lost.
HAHAHAHAHAHA!
HAHAHAHAHAHA!
February 25, 2014, 11:36:15 PM
It means the coins still exist; somewhere... He just doesn't own the private key for them...
Then why say temporarily? That indicates to me that they weren't stolen It's the "not just yet" that bothers me.
February 25, 2014, 11:30:45 PM
He claims not to know how many coins he lost out of his own personal wallet...
How can that be? Let me guess... He discovered a bug in subtraction...
How can that be? Let me guess... He discovered a bug in subtraction...
February 25, 2014, 11:29:00 PM
The guy is a fraud. Don't believe a word he says. Even if he told the truth up there, he didn't specify if he was talking about the money on gox or his own personal money. Read closer.
February 25, 2014, 11:23:26 PM
It means the coins still exist; somewhere... He just doesn't own the private key for them...
Then why say temporarily? That indicates to me that they weren't stolen.Cold storage coins cannot be stolen for it would imply incredible stupidity amounting to gross negligence and outright fraud. I speculate it has been moved to a "safe place".
February 25, 2014, 11:23:16 PM
It means the coins still exist; somewhere... He just doesn't own the private key for them...
Then why say temporarily? That indicates to me that they weren't stolen.When he said temporary it means, "We just haven't been able to buy them back yet..."
February 25, 2014, 11:22:17 PM
It means the coins still exist; somewhere... He just doesn't own the private key for them...
Then why say temporarily? That indicates to me that they weren't stolen.When he said temporary it means, "We just haven't been able to buy them back yet..."
February 25, 2014, 11:21:41 PM
That's right: bitcoin reserves are probably still out in the wild, though likely insufficient to cover 750k in coin liabilities.
Karpeles will have to cough up if he wants to avoid jail time.
Karpeles will have to cough up if he wants to avoid jail time.
February 25, 2014, 11:20:12 PM
It means the coins still exist; somewhere... He just doesn't own the private key for them...
Then why say temporarily? That indicates to me that they weren't stolen. Jump to: