Topic: Mt. Gox Cold Storage? (Read 702 times)
think Bernie Madoff
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?
From what Mt. Gox says, they stored their cold storage wallet too close to the "hot wallet". It sprung a leak, and they are now insolvent. I'm sure spontaneous wallet leaks are a "bug" in bitcoin.
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?
Well MtGox is playing a games that they do not know the rules I think.
I remember there was some information about MtGox and cold storage of their BTC but perhaps this is already forgotten and it is hard to say - was it a lie or not or what....
It was either a lie or else Karpeles or a group of insiders stole from a cold wallet. Who knows? This is one of a number of the 500 million dollar questions. You're about two weeks behind everyone else with this question.
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?
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