i knew this btc when it still 10$ my cousin told me about this but im too busy for something and nearly forget about this he even told me that i have 2btc on him and he put it on mtgox 14btc mine is 2 and i remembered it only when he give me a call and said that mtgox is brankrupt and the price of each btc is around 500$ then i woke up and realize i lost 1000$ while he lost 6k
Mt Gox is an exchange. I don't understand why so many people were using it as a wallet. There are so many wallet services freely available, then what is the need of storing your coins in Gox?
It was convenient and they may have figured it was safer because mtgox had profesionnal cold storage compared to the risks when you store them yourself; they were obv wrong