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Topic: Official Money Lost in Mt. GOX Thread (Read 19458 times)

sr. member
Activity: 280
Merit: 250
Taking bitcoin mining to everybody
March 05, 2014, 09:33:57 PM
http://www.prweb.com/releases/2014/03/prweb11639887.htm

CloudHashing.com Announces Mt. Gox Customer Relief Effort

AUSTIN, Texas (PRWEB) March 05, 2014

Leading Bitcoin mining company CloudHashing.com has announced a Mt. Gox customer relief effort by offering an exclusive discount on mining contracts to distressed Mt. Gox customers.

Mt. Gox customers can start earning Bitcoins immediately after purchasing a CloudHashing.com mining contract.

As reported by Wired's Robert McMillan in "The Inside Story of Mt. Gox, Bitcoin’s $460 Million Disaster" the longstanding Bitcoin exchange recently disclosed massive losses.

CloudHashing.com employee Lukas Gilkey, among several others, personally lost more than $40,000 overnight when Mt. Gox became insolvent. Gilkey and the CloudHashing.com team developed the Mt. Gox relief effort to support others like himself.

"I was angry and outraged by what happened, and I know many feel the same way. I wanted to create something to help people like me," said Gilkey. "If we can come together as a community and help pick others up when they're down, it will say a lot about who we are as a group and our commitment to one another's success."   

Mt. Gox customers should email [email protected] with proof that they held an account with the exchange. Acceptable verification includes email correspondence or other communication (with account numbers or other sensitive information hidden) to qualify for the exclusive discount.

CloudHashing.com invites other Bitcoin businesses to launch similar initiatives to support the Bitcoin community.

"The Bitcoin community is a large family, and when a significant portion of this family is hurt, we need to rally behind them. As a trusted and established Bitcoin company, we felt an obligation to act. We believe in Bitcoin, and we believe in the Bitcoin community. We hope others will follow our lead," said Emmanuel Abiodun, CloudHashing.com's chief executive officer.

Bitcoin is an increasingly popular online currency and technology that is changing the way many are purchasing things online in the same way the Internet revolutionized how people connect to one another.

CloudHashing.com's announcement comes on the heels of the company being featured in the New York Times article "Into the Bitcoin Mines" and in Data Center Knowledge "As Bitcoin Infrastructure Booms, Mining Heads to the Data Center"

Cloudhashing.com is a Bitcoin mining technology company where customers can purchase mining contracts and earn bitcoins via their website with no technical knowledge. It is a pioneer in the Bitcoin industry and was the first to introduce cloud-based Bitcoin mining. The London-based company has thousands of customers worldwide.
full member
Activity: 150
Merit: 100
March 03, 2014, 01:14:45 PM
After these Mark Karpeles is probably on every customer's blacklist
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
March 03, 2014, 12:19:09 PM
A humble but heartbreaking 1.15BTC  Undecided
legendary
Activity: 994
Merit: 1000
March 02, 2014, 06:33:19 AM
43BTC

OMG , sorry for your Loss  thats 20k US$ Cry
legendary
Activity: 1036
Merit: 1001
/dev/null
March 01, 2014, 01:36:39 PM
43BTC
legendary
Activity: 4760
Merit: 1283
March 01, 2014, 12:54:53 PM
...
The identity docs, on the other hand, hurt!  If Karpeles loses/sells them to criminals he'll be a life-long enemy and I'll happily absorb an expense to see him and gaybauchery suffer.  If he simply hands my documents over to my government (U.S.) that is acceptable since I recognize that he'll have no realistic choice and I expected that he was probably already under that pressure when I sent them (shortly before requesting my wire.)


mtgox is based in Tokyo and they were not managing their business well but do you really think someone from the company could sell our identity documents??

It seems unlikely since it would be a huge crime and the guy who sold them could be found


Seems that Mt. Gox employed people from all over the place to do various support functions.  This is more common than not in today's world.  These people probably had access to the entire collection of documents.  I seems highly unlikely to say the least that Mt. Gox had any sort of access control or monitoring on this data.

I'll bet that Mt. Gox barely even know who the supports staff they hired were, much less did anything like having criminal background checks on them or even really any sort of code of conduct training.  And they are hardly going to be in a situation to track down thefts from here forward.

My biggest mis-estimate here was in thinking that given the problems in the past and given the huge amount of money that Mt. Gox had been raking in, that they would be reasonably up-to-speed in data security functions by now.  Oops.


Do people actually buy identity documents?? I wonder how much it can cost


I assume they do since they certainly expend some effort to rip them off via hacks.  And also identity theft is very common and presumably reasonable lucrative.  I asked on this board once if there were anyone who knew that answer to that question but nobody piped up.  I never had a Silk Road account and don't frequent the criminal IRC channels or whatever, so I didn't have a very good way to get the answer for myself.  Would be interesting to know however.

legendary
Activity: 1652
Merit: 1016
March 01, 2014, 12:38:15 PM
i lost  ~3BTC and faith



Not faith in Bitcoin I hope.
legendary
Activity: 3472
Merit: 1724
March 01, 2014, 11:22:15 AM
0 BTC
0 fiat
an unverified account
jr. member
Activity: 41
Merit: 1
March 01, 2014, 11:04:51 AM
i lost  ~3BTC and faith

legendary
Activity: 1918
Merit: 1018
March 01, 2014, 10:43:54 AM

It was looking pretty likely in 2013 that these guys were going down.  Thus:

 - Something like 0.001 BTC.
 - Something like $4.00

I did take go ahead and put some of my draw-down in the form of a risk.  Thus:

 - A $5k wire from mid Aug 2013
 - Identity docs - Value to me: ~$10k

The wire is fairly inconsequential.  The value was chosen to be enough to warrant some sort of action if it was a loss but otherwise relatively small compared to my other activities.

The identity docs, on the other hand, hurt!  If Karpeles loses/sells them to criminals he'll be a life-long enemy and I'll happily absorb an expense to see him and gaybauchery suffer.  If he simply hands my documents over to my government (U.S.) that is acceptable since I recognize that he'll have no realistic choice and I expected that he was probably already under that pressure when I sent them (shortly before requesting my wire.)



mtgox is based in Tokyo and they were not managing their business well but do you really think someone from the company could sell our identity documents??

It seems unlikely since it would be a huge crime and the guy who sold them could be found

Do people actually buy identity documents?? I wonder how much it can cost
legendary
Activity: 994
Merit: 1000
March 01, 2014, 10:29:05 AM
Zero.


Thanks because https://www.therocktrading.com/ not even trusted them long time
member
Activity: 98
Merit: 10
February 28, 2014, 04:10:55 PM
Spread the poster in your town and over the internet!


Pedophilia... wat?
sr. member
Activity: 357
Merit: 250
February 28, 2014, 03:36:29 PM
I don't even feel like saying tbh... as i read over the believable amounts posted... it made me feel even more sick.


Mark Karpeles. I will in fact be aware of your every location..

legendary
Activity: 2772
Merit: 1028
Duelbits.com
February 28, 2014, 02:52:11 PM
11BTC
legendary
Activity: 4760
Merit: 1283
February 27, 2014, 03:04:59 PM

It was looking pretty likely in 2013 that these guys were going down.  Thus:

 - Something like 0.001 BTC.
 - Something like $4.00

I did take go ahead and put some of my draw-down in the form of a risk.  Thus:

 - A $5k wire from mid Aug 2013
 - Identity docs - Value to me: ~$10k

The wire is fairly inconsequential.  The value was chosen to be enough to warrant some sort of action if it was a loss but otherwise relatively small compared to my other activities.

The identity docs, on the other hand, hurt!  If Karpeles loses/sells them to criminals he'll be a life-long enemy and I'll happily absorb an expense to see him and gaybauchery suffer.  If he simply hands my documents over to my government (U.S.) that is acceptable since I recognize that he'll have no realistic choice and I expected that he was probably already under that pressure when I sent them (shortly before requesting my wire.)

legendary
Activity: 1218
Merit: 1000
February 27, 2014, 02:28:52 PM
Huh?? No one could get anything out of Gox for ages.

He's talking about a site that allowed you to trade GoxxedCoins to BTC.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
February 27, 2014, 02:27:02 PM
25btc and 6000usd

How come you didn't get the usd out? Could made a decent profit.  Buy $130 gox btc, sell on the new exchange for 0.4 real btc, sell btc on coinbase or another legit exchange for fiat. 300% gain or $12k profit plus still having the $6k

Huh?? No one could get anything out of Gox for ages.
hero member
Activity: 588
Merit: 500
February 27, 2014, 11:36:21 AM
8 BTC (0 EUR/USD)
I bought the BTC less than 24 hours before the trading stopped, using money which I just sent in via OkPay in the same time frame.

I have been registered a and even verified some time ago but I never actually used the service up until that very moment.
They made me wait 30+ days for my account verification and when I finally got verified I just didn't feel I want to use their service anymore (for various reasons I just learned in the meantime, like their anti-offshore fiat withdrawal regulations, combined with their notably long SEPA transfer delays, etc).

But when I felt like it's all over in a few days or even hours, I just couldn't resist to play the "quadruple or lose everything" game. So, I exchanged all of my BTC and sent in the fiat to GOX to buy significantly more BTC than I previously had.

I don't even regret it. Yes, I am a little said, but I was aware what I am doing and I would do this again.
I thought "Gox is too big to fail" but I am a noob in crypto. I didn't even know anything about BTC until the very end of the last year.
newbie
Activity: 9
Merit: 0
February 27, 2014, 10:52:29 AM
14 btc and some change...
sr. member
Activity: 364
Merit: 257
February 27, 2014, 10:48:24 AM
All this market manipulation made by mtgox, this is why price high now. No one real auction or any normal site accepting them only exchanges who faking market value.

Wake up bitcoins worth as much as electricity spent on them by mining.

Hackers stealing bitcoin transactions each day so its not cecure. I dont think what hackers been able to steal over 200 M gpb in coins. Think its big scam by exchange. Coinbase and other capable organisations should investingate there coins gone.

You are correct,  it was easy for Gox to manipulate it in any way they want and they surely did.
But it is also worth the deep web economy which it does not make much difference...BTC non faked value is very low.
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