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.

 

 

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