MtGox Leak Update: No Buyers, Gox Acted "Alone and In Desperation"
Kolin Burges asking Karpeles for his Bitcoin. "The Two-Bit-Idiot," who leaked the original document blowing the lid off MtGox, has declared via Tumblr to have "all of the pieces to the Mt. Gox puzzle," which depicts MtGox as having "acted alone and in desperation." The fact that MtGox had no buyers lined up to shoulder the burden of their mistakes demonstrates the degree to which MtGox and Mark Karpeles are even bigger frauds than many in the community (myself included) had anticipated. What is left to find out is when Karpeles knew his exchange had failed, and to what extent he went to....
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Mt. Gox has released a statement on its website concerning its decision to halt trading. UPDATE (25th February, 13:47 GMT): Domain investor Andy Booth has confirmed the sale of www.gox.com to Mark Karpeles. UPDATE (25th February, 09:28 GMT): The source code on Mt. Gox's website now reads "put announce for mtgox acq here" leading some to speculate on the motives behind the document leak: http://t.co/4QPPUvALYi now reads "put announce for mtgox acq here" Zero-evidence speculation: leak was by insider wanting cheap #bitcoin. - Jeff Garzik (@jgarzik) February 25, 2014. A document has surfaced....
Bitcoins are selling for under $500 on MtGox for the first time since November. Prices on the other exchanges seem to be holding steady for now, but MtGox simply cannot catch a break. People are already selling their MtGox bitcoins for “real bitcoins” at a discount, and Roger Ver has publicly stated that he’s one of the buyers on the other end of that trade. If you discount a small blip during December, this is actually the first time MtGox has dropped below $500 since the middle of November. People have been talking about the “end of MtGox” for almost a year now, but the exchange is still....
MtGox, a Bitcoin exchange that used to have over 90% market share in the industry and still remains one of the top three Bitcoin exchanges today, announced on Friday that they would be halting BTC withdrawals as a result of unspecified internal technical issues, and promised that they would have an update by Monday. The Bitcoin price dropped 10% partly as a result of the news, and conspiracy theories abounded about what was going on inside. One Bitcoin user travelled from Australia to hold a protest in front of the MtGox offices, and even had a conversation with MtGox CEO Mark Karpeles - a....
Earlier this week, I published a document I received from a reliable source entitled "Crisis Strategy Draft", which was allegedly a roadmap to show how Mt. Gox could recover from insolvency despite the mind-blowing loss of nearly 750,000 customer bitcoins. Since that initial leak, I have had a number of conversations with industry insiders who have spoken about the situation both on and off the record. They have confirmed the best news possible for Bitcoin given the damning evidence documented in the leaked presentation: Mt. Gox acted alone in its deceit, and ultimately failed in its....
This altered photo of Mark Karpeles uploaded by /u/MorXpe on /r/bitcoin shows how some MtGox customers feel right now. A large chunk of the Bitcoin community has been ready to give up on MtGox for more than a few months, but the question still remains as to whether they are insolvent, incompetent, or just bad at public relations. While there is no need for a debate over whether or not this exchange has had problems in the past, there is little proof that Mark Karpeles and the rest of the staff over at MtGox are actually fraudsters. Although MtGox bitcoins are still being sold at a....