6 ms·
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
by 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 agoThat'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 agoIf 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.