Topic: The mysterious MtGox buyer - page 2. (Read 5614 times)

Come on it's not what people asked for. Trading is trading. A website is something else.

For me it's the lack of communication. At this stage do anything, literally anything... just f***ing communicate properly!

This is now posted on their website.

you made my day.

everybody was screaming for days, why don't Gox close trading too, blablablah

Now they do

You got what you asked for. 

Right now on mtgox.com:


"In the event of recent news" So they have shut down all the operations WITHOUT PRIOR ANNOUNCEMENT because of "recent news"? What news?

Gox is really treating their customers like fools. Angry mobs with pitchforks are completely justified at this point.

Who would be stupid enough to buy Mt. Gox?   The liability to account holders is huge and the mingling of client funds with operating funds is likely criminal.    Who is stupid enough to take that liability on in order to get "customer" names?   There are no assets.    The name is a synonym for fucking customers over and ranks up there with the "brand" power of Butterfly Labs.   It is like someone begging to buy Madoff Securities for the great list of investors and all the goodwill that is in the brand name.

Is it just me or does this remind you of weexchange and their "we're going to announce something soon"

WTF is going on with all these useless exchanges?!?

My question: to whom? And... Right now? An acquisition takes months, if not years. Due diligences are lenghty processes. You just do not make a phone call and throw an offer out of your ass.

So, has Karpeles been in negotiations to sell Gox for many months? And again: to whom?

If WhatsApp's user base was worth 19B to Facebook then Mtgox's user base is probably worth something to someone as well, especially if you are the one "saving" them from the "evil" Mtgox, goodwill goes a long way.

Chancelor on the brink of third bailout for MtGox

Situation getting more interesting. I dont see any movie done like this. MTGOX and their dids.

It's clear that somebody wants us to believe that MtGox is being bought by a third party. The facts:

1) Somebody has leaked the following document: http://es.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

No explicit mention to Gox being sold, but a lot of explicit mentions to re-branding, etc.

Very unlikely to be an internal doc (at least as it is), but some of the info might not be completely false. Five minutes after the "leak" of this document MtGox website disappeared and trading was halted. Previously to that all the feed of their tweeter account was deleted. Just yesterday "gox.com" was registered apparently by Mark Karpeles himself, and now redirects to mtgox.com. Everything seems to support the "leaked document" discourse.

2) Somebody inside MtGox wants us to believe it will be sold/acquired imminently. The below comment can be read on mtgox.com HTML code, and the one who placed it knows very well that comment would have been seen by everybody and thus "leaked" to the masses:


3) Karpeles just replied to a Reuters reporter, implying Gox was about to be sold. The question was: "is MtGox dead"? The literal answer: "We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."

Source: http://www.reuters.com/article/2014/02/25/us-bitcoin-mtgox-ceo-idUSBREA1O12T20140225

Summing up: somebody wants us to believe Gox will be bought by someone, very soon.

Who do you believe is so crazy to buy such a destroyed brand? My personal view right now is that nobody sane would pay for Gox - there has been no time for a due diligence and it looks unlikely somebody would throw money to Gox during this shitstorm, this a simple re-branding and a make-up action is much more likely in my opinion.

Anyhow, there's too little info to be sure of anything yet.

What do you think? Who could be the mysterious buyer? Speculate.