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Presumably when Mt Gox's bank accounts get seized, whatever money in them will be used to pay off accounts with real currency balances. The people holding bitc

• JackFr 13y ago
  That brings up a point of confusion for me. As understand the news, Mt Gox didn't lose a single dollar. They lost 700K BTC. It is neither being pedantic, nor beside the point that this is not the same as $400M. It is the point.
  • pmorici 13y ago
    That's not entirely true, about $5 million was seized by and is currently being held by the US government and another $5 million is being held hostage by CoinLab a US company that once had a deal with Gox to handle US customers but things went south along the way and they are not being sued by them instead. So about $10 million is tied up in less than ideal situations.
  • ianferrel 13y ago
    If the leaked crisis plan memo is correct, then they had ~$50 million in dollars on account with them, and total cash assets around $22 million. So, even ignoring the Bitcoin, they lost quite a lot of dollars.
• dragonwriter 13y ago
  > Presumably when Mt Gox's bank accounts get seized, whatever money in them will be used to pay off accounts with real currency balances. Weren't a number of Mt. Gox's bank accounts already seized for other reasons? Before the loss of bitcoins issue, wasn't this already a source of concerns about Gox's viability?