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They imply in the article in The Verge that they have spent it, or are going to spend it. When I asked them straight up in an email they didn't say that they di
by nikcub 13y ago
They imply in the article in The Verge that they have spent it, or are going to spend it. When I asked them straight up in an email they didn't say that they didn't spend it, only that they wouldn't disclose where[1].
Anybody reading that article in The Verge would conclude that they have spent the money. That whole article was about assuring people that Mt Gox was safe.
At best they were not straight forward and transparent, at worst they lied.
Not what I want from a company who is asking me to trust them with my money. Frankly I am shocked that their setup in the USA for Dwolla transfers was nothing more than an ordinary Wells Fargo business account.
[1] The email would have been the perfect time to respond with 'well, we haven't actually spent the money on compliance, but we plan to'