MtGox withdrawal delays [Gathering] - page 78.

DjangoSi

newbie

Activity: 44

Merit: 0

Quote from: Squeaker on February 28, 2014, 08:09:37 AM

Quote from: ?? on ??

Quote from: RaTTuS on February 28, 2014, 06:34:13 AM

http://headlines.yahoo.co.jp/videonews/fnn?a=20140228-00000938-fnn-bus_all

" Bit coin " stop trading brokerage firm , civil rehabilitation proceedings claim

8-minute delivery ( gold ) 28 day 19 hour Fuji TV (FNN) 2 May
By the problem that brokerage company virtual currency on the Internet " bit coin " , is to stop the deal , the company met in the afternoon on the 28th , and filed for Civil Rehabilitation Law in Tokyo District Court, it was accepted I made it clear that .
Marc Karupuresu representative of Mount Ngoc vinegar said," having fallen over the inconvenience , really sorry " he said.
According to the Mount Ngoc vinegar should be in a state of excessive debt in excess of 2.6 billion yen.
Further , as the cause, are to be considered to be in accordance with or traded or owned, approximately 85 million bits coins disappeared.
In this issue , mount Ngoc vinegar has stopped trading of bit coin , had thus far , and are working to find solutions to problems , but the afternoon on the 28th , the application of the Civil Rehabilitation Law in Tokyo District Court that was filed.

Alright... now this part, highlighted in red up there, if true, is just plain impressive... good luck paying back everyone's bitcoin. Cheesy

=squeak=

85 million bits coins Cheesy

what kind of 85 million "bitcoins"?

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Squeaker on February 28, 2014, 08:09:37 AM

Quote from: ?? on ??

Quote from: RaTTuS on February 28, 2014, 06:34:13 AM

http://headlines.yahoo.co.jp/videonews/fnn?a=20140228-00000938-fnn-bus_all

" Bit coin " stop trading brokerage firm , civil rehabilitation proceedings claim

8-minute delivery ( gold ) 28 day 19 hour Fuji TV (FNN) 2 May
By the problem that brokerage company virtual currency on the Internet " bit coin " , is to stop the deal , the company met in the afternoon on the 28th , and filed for Civil Rehabilitation Law in Tokyo District Court, it was accepted I made it clear that .
Marc Karupuresu representative of Mount Ngoc vinegar said," having fallen over the inconvenience , really sorry " he said.
According to the Mount Ngoc vinegar should be in a state of excessive debt in excess of 2.6 billion yen.
Further , as the cause, are to be considered to be in accordance with or traded or owned, approximately 85 million bits coins disappeared.
In this issue , mount Ngoc vinegar has stopped trading of bit coin , had thus far , and are working to find solutions to problems , but the afternoon on the 28th , the application of the Civil Rehabilitation Law in Tokyo District Court that was filed.

Alright... now this part, highlighted in red up there, if true, is just plain impressive... good luck paying back everyone's bitcoin. Cheesy

=squeak=

I am sure that i had at least 21million coins on gox. LAWYER!

Squeaker

sr. member

Activity: 450

Merit: 250

Quote from: ?? on ??

Quote from: RaTTuS on February 28, 2014, 06:34:13 AM

http://headlines.yahoo.co.jp/videonews/fnn?a=20140228-00000938-fnn-bus_all

" Bit coin " stop trading brokerage firm , civil rehabilitation proceedings claim

8-minute delivery ( gold ) 28 day 19 hour Fuji TV (FNN) 2 May
By the problem that brokerage company virtual currency on the Internet " bit coin " , is to stop the deal , the company met in the afternoon on the 28th , and filed for Civil Rehabilitation Law in Tokyo District Court, it was accepted I made it clear that .
Marc Karupuresu representative of Mount Ngoc vinegar said," having fallen over the inconvenience , really sorry " he said.
According to the Mount Ngoc vinegar should be in a state of excessive debt in excess of 2.6 billion yen.
Further , as the cause, are to be considered to be in accordance with or traded or owned, approximately 85 million bits coins disappeared.
In this issue , mount Ngoc vinegar has stopped trading of bit coin , had thus far , and are working to find solutions to problems , but the afternoon on the 28th , the application of the Civil Rehabilitation Law in Tokyo District Court that was filed.

Alright... now this part, highlighted in red up there, if true, is just plain impressive... good luck paying back everyone's bitcoin. Cheesy

=squeak=

breel

full member

Activity: 130

Merit: 100

Quote from: ?? on ??

Yes, we're tired of speculations. Hopefully we'll get some useful info from today's supposed news conference.

definitely!

raskul

sr. member

Activity: 434

Merit: 250

Quote from: InitialLetter on February 28, 2014, 07:02:03 AM

http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-bankruptcy-idUSBREA1R0FX20140228

This implies that it is similar to chapter 11 bankruptcy in US, which means the reorganization of operations. It requires a plan to implement this reorganization for feasible (able to continue operations) and fairness (creditors are respected based on priority). I think there's also a requirement that creditors accept this plan in order for it to be implemented.

sounds a bit like a CVA... which is never 100% sure. In the UK, it requires 75% of creditors to accept a reduced payback. 9/10 times, it fails.

InitialLetter

newbie

Activity: 24

Merit: 0

http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-bankruptcy-idUSBREA1R0FX20140228

This implies that it is similar to chapter 11 bankruptcy in US, which means the reorganization of operations. It requires a plan to implement this reorganization for feasible (able to continue operations) and fairness (creditors are respected based on priority). I think there's also a requirement that creditors accept this plan in order for it to be implemented.

mgroenouwe

member

Activity: 67

Merit: 10

"Mt. Gox Files for Bankruptcy Protection"

What does this mean? They gonna try to fix things which is like some good news for those who have GOX-BTC ?

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: ?? on ??

Quote from: RaTTuS on February 28, 2014, 06:34:13 AM

http://headlines.yahoo.co.jp/videonews/fnn?a=20140228-00000938-fnn-bus_all

" Bit coin " stop trading brokerage firm , civil rehabilitation proceedings claim

8-minute delivery ( gold ) 28 day 19 hour Fuji TV (FNN) 2 May
By the problem that brokerage company virtual currency on the Internet " bit coin " , is to stop the deal , the company met in the afternoon on the 28th , and filed for Civil Rehabilitation Law in Tokyo District Court , it was accepted I made it clear that .
Marc Karupuresu representative of Mount Ngoc vinegar said, " having fallen over the inconvenience , really sorry " he said.
According to the Mount Ngoc vinegar should be in a state of excessive debt in excess of 2.6 billion yen .
Further , as the cause, are to be considered to be in accordance with or traded or owned , approximately 85 million bits coins disappeared .
In this issue , mount Ngoc vinegar has stopped trading of bit coin , had thus far , and are working to find solutions to problems , but the afternoon on the 28th , the application of the Civil Rehabilitation Law in Tokyo District Court that was filed .

Hmm, so, when's the live seppuku?
Oh right, he not honourable, so that wouldn't work.

mgroenouwe

member

Activity: 67

Merit: 10

http://techcrunch.com/2014/02/28/mt-gox-files-for-bankruptcy/

rcocchiararo

newbie

Activity: 78

Merit: 0

http://gizmodo.com/mt-gox-is-filing-for-bankruptcy-protection-1533202032

raskul

sr. member

Activity: 434

Merit: 250

so... we're at ZERO now? he looked like the proverbial rabbit in headlights

gizmoh

legendary

Activity: 1428

Merit: 1000

Ain't he good looking at the press conference! Cheesy

I guess the 850k btc is in his heist wallet..

RaTTuS

hero member

Activity: 792

Merit: 1000

Bite me

http://headlines.yahoo.co.jp/videonews/fnn?a=20140228-00000938-fnn-bus_all

breel

full member

Activity: 130

Merit: 100

Quote from: ?? on ??

Quote from: breel on February 28, 2014, 05:10:14 AM

Interesting theory in reddit:
http://www.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/

and twobitidio starts to doubt his sources as well:
https://twitter.com/twobitidiot/status/439058691774754816

Strange that twobitidiot affirmed to me just 4 hours ago he was absolutely sure of his sources: http://www.reddit.com/r/Bitcoin/comments/1z5fwe/who_is_ryan_galt_the_devil_you_know/cfqpv2c - the tweets are from 18h ago.

Hmmm, he says they are correct based on his sources, not that his sources are definitely legit.
But that may be looking too much into it.

Either way, more rumors..

saigo

full member

Activity: 126

Merit: 100

You know when bitcoin has gone mainstream....

...when your 65 yr old Japanese mother-in-law asks you if your bitcoins are safe Grin

They had mt gox failure on main stream news here today...

gizmoh

legendary

Activity: 1428

Merit: 1000

Wall Street Journal ‏@WSJ 3m
Breaking: Mt. Gox has filed for bankruptcy protection, a company lawyer says. http://wsj.com

LukeCoin

newbie

Activity: 5

Merit: 0

https://twitter.com/WSJ

breel

full member

Activity: 130

Merit: 100

Interesting theory in reddit:
http://www.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/

and twobitidio starts to doubt his sources as well:
https://twitter.com/twobitidiot/status/439058691774754816

wB`

member

Activity: 84

Merit: 10

saw this in another thread and thought i would share.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: sturle on February 20, 2014, 09:24:26 AM

I have quit reading this thread due to high volume and very low signal to noise ratio. Just stopping by announce that my 10k EUR withdrawal from January 4th changed to pending today, and will arrive tomorrow. I have cancelled my other withdrawals to buy BTC.

Huh, Mr. Sturle, not so vocal anymore? How did your smartness turn out for you?

Sorry, just can't resist...

Topic: MtGox withdrawal delays [Gathering] - page 78. (Read 908607 times)