Mt.Gox SCAM? $38million disappeared. Large sums affected. - page 17.

gollum

sr. member

Activity: 434

Merit: 250

In Hashrate We Trust!

Quote from: seriouscoin on February 06, 2014, 12:19:26 AM

Quote from: gollum on February 06, 2014, 12:17:27 AM

Seems like MtGox is the "Lehman Brothers" of the bitcoin world.
My analysis points out that BTC/USD might crash down to $100

What software is this? care to share?

Here you are:
https://www.tradingview.com/e/?symbol=MTGOX%3ABTCUSD#

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: gollum on February 06, 2014, 12:17:27 AM

Seems like MtGox is the "Lehman Brothers" of the bitcoin world.
My analysis points out that BTC/USD might crash down to $100

What software is this? care to share?

gollum

sr. member

Activity: 434

Merit: 250

In Hashrate We Trust!

Seems like MtGox is the "Lehman Brothers" of the bitcoin world.
My analysis points out that BTC/USD might crash down to $100

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: keithers on February 05, 2014, 11:30:21 PM

I said this in another thread, but I have a bad feeling that the people at Gox have been using user's funds for themselves and only processing withdraws when there are sufficient new deposits. It was working before because such huge sums of money kept getting deposited, but its starting to pile up. Seems like it could be exactly what Ultimate Bet was doing with online poker player funds. I could be completely wrong, but something is definitely up. Claiming the site was hacked would be an easy out at first..

Soon after they had their accounts seized and were seriously short on money, a friend of mine simply lost all his coins out of his online wallet there. No explanation, no refund, nothing. Just gone. About $2,000 worth at the time (25 BTC).

RandyMagnum

sr. member

Activity: 662

Merit: 250

Quote

It seems very likely to me that for some reason Mark K is not able to work on his codebase anymore, and isn't able to resolve bugs in a timely manner, leaving his support staff to try and clean up the mess by making horrible hacks like "throw away and retry later". The question in my mind then becomes - where is Mark and what is he doing? - Mike Hearn

https://bitcoinfoundation.org/forum/index.php?/topic/700-mtgox-insolvency/

hellscabane

legendary

Activity: 896

Merit: 1000

Quote from: daserpent1 on February 05, 2014, 11:11:41 PM

Apparently, $38million of clients' money has disappeared from mtgox. Was mtgox hacked? Or did they steal the money to keep themselves afloat?

Source :: http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/

Mtgox support has agreed to this and say this affected only the larger transactions (ofc it did).

Mtgox support reply :: https://support.mtgox.com/entries/26128504-Update-Statement-Regarding-BTC-Withdrawal-Delays

Mtgox better come clean about this soon or the BTC price is gonna keep doing down. Fell $100 in just the past 3 hours.

I'll admit, Mt. Gox crashing isn't all that bad. At least there won't be a ridiculous spread between it and the other more liquid options. Besides, Mt. Gox needed to get smacked down in my opinion.

As for the people affected by this bull crap though. I feel bad for that; no one should have their hard-earned money toyed around with like that. I'm sure we've seen this play out last year when USD withdrawals went to a crawl. Either there is a ton of incompetence afloat or a horrendous amount of scheming about. And those are two choices that just plain sucks...

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I said this in another thread, but I have a bad feeling that the people at Gox have been using user's funds for themselves and only processing withdraws when there are sufficient new deposits. It was working before because such huge sums of money kept getting deposited, but its starting to pile up. Seems like it could be exactly what Ultimate Bet was doing with online poker player funds. I could be completely wrong, but something is definitely up. Claiming the site was hacked would be an easy out at first..

knircky

member

Activity: 99

Merit: 18

is this the reason for the drop in price?

Weird?

daserpent1

sr. member

Activity: 435

Merit: 250

Apparently, $38million of clients' money has disappeared from mtgox. Was mtgox hacked? Or did they steal the money to keep themselves afloat?

Source :: http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/

Mtgox support has agreed to this and say this affected only the larger transactions (ofc it did).

Mtgox support reply :: https://support.mtgox.com/entries/26128504-Update-Statement-Regarding-BTC-Withdrawal-Delays

Mtgox better come clean about this soon or the BTC price is gonna keep doing down. Fell $100 in just the past 3 hours.

New Press Release from Mtgox (dated 7th Feb 2014) :: https://www.mtgox.com/press_release_20140207.html

Mtgox has officially stopped all withdrawals. This is not looking good. So we got all our money stuck at a japanese exchange now Cry

Topic: Mt.Gox SCAM? $38million disappeared. Large sums affected. - page 17. (Read 38202 times)