4 ms·

Not specifically - perhaps because saying they were stolen is slightly (but only slightly) less embarrassing than saying they misplaced the key. Karpeles did s

by Aqueous 13y ago

Not specifically - perhaps because saying they were stolen is slightly (but only slightly) less embarrassing than saying they misplaced the key. Karpeles did say something to the effect that the funds were "temporarily unavailable" - which would be consistent with losing the key, if they had any hope of getting it back.

sp332 13y ago
The attack that they claim happened was due to a bug in their accounting software. The software sometimes wouldn't record that a transaction had finished, so that account's balance didn't go down. Nothing to do with losing keys. Karpeles was trying to get investors to cover the losses after the bug was found. That's why he was hoping the losses would be temporary. But Mt Gox's business practices are so bad no one wanted to invest in them, so that's almost certainly not going to happen. There is only one way the coins could be recovered: if the thieves are found with the stash intact. Just keep in mind that Karpeles might be the thief.
- danielweber 13y ago
  Last week people had tracked down Gox's prior BTC transactions and they still had the coins in an address they controlled. I've theorized that they lost the key, not because of any direct evidence, but because it's the only thing that makes a little bit of sense without out-and-out fraud.
  - sp332 13y ago
    I hadn't really thought of that. There's something going on with those addresses today! http://www.reddit.com/r/MtGox/comments/1zsw9l/90000_bitcoins_attributed_to_mtgox_addresses/ http://www.reddit.com/r/MtGox/comments/1zsw9l/90000_bitcoins...
- deleted 13y ago
  [deleted]
  - eurleif 13y ago
    >to most people having everyone on earth think that they are criminally incompetent is not worth $400 million. Have you ever in your life seen a reality TV show? You really think people aren't willing to debase themselves for money?
    - Aqueous 13y ago
      I think people in reality TV aren't necessarily self-aware enough to know that they are debasing themselves.

by Aqueous 13y ago

sp332 13y ago

The attack that they claim happened was due to a bug in their accounting software. The software sometimes wouldn't record that a transaction had finished, so that account's balance didn't go down. Nothing to do with losing keys. Karpeles was trying to get investors to cover the losses after the bug was found. That's why he was hoping the losses would be temporary. But Mt Gox's business practices are so bad no one wanted to invest in them, so that's almost certainly not going to happen. There is only one way the coins could be recovered: if the thieves are found with the stash intact. Just keep in mind that Karpeles might be the thief.

danielweber 13y ago
Last week people had tracked down Gox's prior BTC transactions and they still had the coins in an address they controlled. I've theorized that they lost the key, not because of any direct evidence, but because it's the only thing that makes a little bit of sense without out-and-out fraud.
- sp332 13y ago
  I hadn't really thought of that. There's something going on with those addresses today! http://www.reddit.com/r/MtGox/comments/1zsw9l/90000_bitcoins_attributed_to_mtgox_addresses/ http://www.reddit.com/r/MtGox/comments/1zsw9l/90000_bitcoins...
deleted 13y ago
[deleted]
- eurleif 13y ago
  >to most people having everyone on earth think that they are criminally incompetent is not worth $400 million. Have you ever in your life seen a reality TV show? You really think people aren't willing to debase themselves for money?
  - Aqueous 13y ago
    I think people in reality TV aren't necessarily self-aware enough to know that they are debasing themselves.