Tuesday 25th February 2014

Today could be the last day of the MtGox saga.

Trading on MtGox has stopped.

Coinbase has posted an enigmatic statement from many of the world’s major exchanges regarding the insolvency of MtGox. It mentions:

“This tragic violation of the trust of users of Mt.Gox”

but without explaining precisely what it’s referring to. This statement has since been edited to remove the word ‘insolvency’. It appears that they are pre-empting some formal notification of what could be the collapse of MtGox and loss of customer funds.

http://blog.coinbase.com/post/77766809700/joint-statement-regarding-mtgox

An article has appeared on the internet claiming MtGox have lost 744,408 bitcoins due to theft and only have 2,000 left. There is currently no reason to believe that the claims in this document are authentic, but the timing with the Coinbase statement is very interesting.

http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

 

13:20: Currently the MtGox website is only loading a blank page.

15:45:  Karpeles is not at his apartment and his mail has been backing up. It appears that he may be in hiding. Has he skipped the country?

 

Watch here for further updates.

 

 

12 Comments

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  • Wow. Just wow. Not sure if Mark is looking into a bright future. Despite all the money he stole.

    Even if, although I doubt it’s stalking, it would be a very kind response to someone stealing those amounts of money…

  • Greetings to you guys, can you post something live? stream or something? Is MtGox.com is part of history? Should we start cry for our coins?

  • Now mtgox.com has a statement on their website:

    “Dear MtGox Customers,

    In the event of recent news reports and the potential repercussions on MtGox’s operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

    Best regards,
    MtGox Team”

  • When Gox shut down I had no bitcoins and all my holdings were in cash. We all know over 700,000 BTC were stolen. But that cash had better not be missing or Karpeles is looking at a whole new set of charges…. outright theft of cash.

    Do you have any thoughts on cases like mine… where Gox customers were holding only cash at the time of the shut-down?

  • You’re so awesome! I do not believe I have read anything like this before.
    So good to discover somebody with original thoughts on
    this subject matter. Really.. thanks for starting this
    up. This site is one thing that’s needed on the web, someone with some originality!

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