Author

Topic: World’s Largest Bitcoin Exchange Out $10 Million (Read 748 times)

full member
Activity: 125
Merit: 100
I hope they don't shut down.

So far it seems they stay alive, but the lawsuits are money eaters, so you never know
newbie
Activity: 14
Merit: 0
I hope they don't shut down.
hero member
Activity: 672
Merit: 500
yes, but i am trying to be optimistic..
member
Activity: 84
Merit: 10
staff
Activity: 3248
Merit: 4110
That's a lot of money to lose even for a big company.
hero member
Activity: 493
Merit: 500
http://www.wired.com/wiredenterprise/2013/09/mt-gox/




Quote
If you think that keeping the world’s most popular Bitcoin exchange up and running is easy, think again.

Mt. Gox, the Japanese-run online trading floor that had $5 million seized by federal agents earlier this year, says that it’s out another $5.3 million, fallout from the company’s legal dispute with its former U.S. partner CoinLab.

At the end of February, Mr. Gox chose CoinLab as its North American agent. The idea was that customers in the U.S. and Canada would be able to use CoinLab as a gateway to the Mt. Gox exchange. But the relationship didn’t last long. By April, it had devolved into a messy $75 million lawsuit.


Given the withdrawal delays at Mt.Gox I expected it  Smiley
hero member
Activity: 672
Merit: 500
not bad!
full member
Activity: 208
Merit: 100
And thats why i use CampBX and a Secure out the ass wallet!
I <3 Yubi key
b!z
legendary
Activity: 1582
Merit: 1010
Of course that would happen to mtgox, we all expected it.
sr. member
Activity: 364
Merit: 250
check out data.bitcoinity.org (work in progress).

http://data.bitcoinity.org/#caaaaadga
legendary
Activity: 1522
Merit: 1000
www.bitkong.com
Shit happens.
sr. member
Activity: 364
Merit: 250
http://www.wired.com/wiredenterprise/2013/09/mt-gox/




Quote
If you think that keeping the world’s most popular Bitcoin exchange up and running is easy, think again.

Mt. Gox, the Japanese-run online trading floor that had $5 million seized by federal agents earlier this year, says that it’s out another $5.3 million, fallout from the company’s legal dispute with its former U.S. partner CoinLab.

At the end of February, Mr. Gox chose CoinLab as its North American agent. The idea was that customers in the U.S. and Canada would be able to use CoinLab as a gateway to the Mt. Gox exchange. But the relationship didn’t last long. By April, it had devolved into a messy $75 million lawsuit.
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