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I've been watching the discussion here for the past few hours. Mt Gox failing doesn't surprise me. The number of people stepping up and saying this is a hoax o
by AJ007 13y ago
I've been watching the discussion here for the past few hours.
Mt Gox failing doesn't surprise me. The number of people stepping up and saying this is a hoax or fake does surprise me.
Over 2 months ago I responded to a poster on another bitcoin story who said they had waited over 5 months for their withdrawals. That means Mt Gox has not been solvent since at least last summer.
How can there be a run on a bank you can't get your money from? While the recent freezes of USD and BTC withdrawals were only recently announced it appears that you couldn't really get your money out before either.
I'm going to take a guess. An investor received this document, was appalled and published it.
If I was an investor in Mt Gox and received a document like this, which is clearly an admission of very illegal activity, I would publish it publicly and forward it to the FBI. I don't think there will be a gox.com, but I do think someone will end up on an Interpol list in a few days. Mt Gox wasn't run by people who should be celebrated, it was run by criminals who knowingly took monetary deposits for their insolvent for-profit business.
- kyberias 13y agoYou are incorrect. I got some money in January 2004 from MtGox. The transfer took 22 days. After that it has been much slower... :)
- jondtaylor 13y ago2004?
- kyberias 13y agoQuit living in the past! ;)
- AJ007 13y ago20 days, 22 days, any entity thats solvent should be able to issue a withdrawal very quickly. It sounds like everyone was delayed, some far more than others for whichever reasons.
- tinco 13y agoI received a SEPA withdrawal from them last week, it was 20 days over due, but clearly authorized during the whole fiasco.