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Hero MemberActivity: 868Merit: 1000 *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated February 28, 2014, 09:35:45 AM

Last edit: February 28, 2014, 10:29:57 AM by DutchBrat #1

(MORE TO FOLLOW) Dow Jones Newswires

February 28, 2014 04:34 ET (09:34 GMT)

Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 34 AM EST 02-28-14



*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B

*DJ Mt. Gox Lawyer: Missing Bitcoin May Have Been Withdrawn Through System

*DJ Mt. Gox Lawyer: 750,000 Bitcoin Held by Clients, 100,000 Held by Mt. Gox Mostly Missing

*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B

*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened

*CALL CENTER WILL BE SET UP FOR MT. GOX CUSTOMERS

*MT. GOX CEO MARK KARPELES APOLOGIZES AFTER FIRM'S BANKRUPTCY



On Bloomberg, when the whole story is available I will edit



DJ Mt. Gox Files for Bankruptcy Protection











By Eleanor Warnock and Takashi Mochizuki

TOKYO--A lawyer for Mt. Gox announced at a news conference at the Tokyo

District Court that the embattled bitcoin exchange was filing for bankruptcy

protection and that Mt. Gox had outstanding debt of about Yen6.5 billion ($63.6

million).

The exchange has been under fire from investors since it stopped bitcoin

withdrawals in early February, citing a technical issue that potentially made

fraudulent withdrawals possible.

On Tuesday, Mt. Gox, which at one point handled more than 80% of trades in

the virtual currency, stopped all transactions, dealing the severest blow to

the bitcoin industry yet and raised concerns about a lack of protection for

users. Several Mt. Gox investors say they have little hope of recovering their

funds, with some individual investors saying they had bitcoins valued at

hundreds of thousands of dollars in Mt. Gox.

Atsuko Fukase contributed to this article

Write to Eleanor Warnock at

at



Subscribe to WSJ:



(END) Dow Jones Newswires

February 28, 2014 04:50 ET (09:50 GMT)

Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 50 AM EST 02-28-14



-----------------------------====================------------------------------

Copyright (c) 2014

*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court(MORE TO FOLLOW) Dow Jones NewswiresFebruary 28, 2014 04:34 ET (09:34 GMT)Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 34 AM EST 02-28-14*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B*DJ Mt. Gox Lawyer: Missing Bitcoin May Have Been Withdrawn Through System*DJ Mt. Gox Lawyer: 750,000 Bitcoin Held by Clients, 100,000 Held by Mt. Gox Mostly Missing*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened*CALL CENTER WILL BE SET UP FOR MT. GOX CUSTOMERS*MT. GOX CEO MARK KARPELES APOLOGIZES AFTER FIRM'S BANKRUPTCYOn Bloomberg, when the whole story is available I will editDJ Mt. Gox Files for Bankruptcy ProtectionBy Eleanor Warnock and Takashi MochizukiTOKYO--A lawyer for Mt. Gox announced at a news conference at the TokyoDistrict Court that the embattled bitcoin exchange was filing for bankruptcyprotection and that Mt. Gox had outstanding debt of about Yen6.5 billion ($63.6million).The exchange has been under fire from investors since it stopped bitcoinwithdrawals in early February, citing a technical issue that potentially madefraudulent withdrawals possible.On Tuesday, Mt. Gox, which at one point handled more than 80% of trades inthe virtual currency, stopped all transactions, dealing the severest blow tothe bitcoin industry yet and raised concerns about a lack of protection forusers. Several Mt. Gox investors say they have little hope of recovering theirfunds, with some individual investors saying they had bitcoins valued athundreds of thousands of dollars in Mt. Gox.Atsuko Fukase contributed to this articleWrite to Eleanor Warnock at eleanor.warnock@wsj.com and Takashi Mochizukiat takashi.mochizuki@wsj.com Subscribe to WSJ: http://online.wsj.com? mod=djnwires(END) Dow Jones NewswiresFebruary 28, 2014 04:50 ET (09:50 GMT)Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 50 AM EST 02-28-14-----------------------------====================------------------------------Copyright (c) 2014

DutchBrat



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Hero MemberActivity: 868Merit: 1000 Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated February 28, 2014, 10:24:54 AM #12 Quote from: DutchBrat on February 28, 2014, 09:35:45 AM

(MORE TO FOLLOW) Dow Jones Newswires

February 28, 2014 04:34 ET (09:34 GMT)

Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 34 AM EST 02-28-14



*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B

*DJ Mt. Gox Lawyer: Missing Bitcoin May Have Been Withdrawn Through System

*DJ Mt. Gox Lawyer: 750,000 Bitcoin Held by Clients, 100,000 Held by Mt. Gox Mostly Missing

*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B

*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened

*CALL CENTER WILL BE SET UP FOR MT. GOX CUSTOMERS



On Bloomberg, when the whole story is available I will edit



DJ Mt. Gox Files for Bankruptcy Protection











By Eleanor Warnock and Takashi Mochizuki

TOKYO--A lawyer for Mt. Gox announced at a news conference at the Tokyo

District Court that the embattled bitcoin exchange was filing for bankruptcy

protection and that Mt. Gox had outstanding debt of about Yen6.5 billion ($63.6

million).

The exchange has been under fire from investors since it stopped bitcoin

withdrawals in early February, citing a technical issue that potentially made

fraudulent withdrawals possible.

On Tuesday, Mt. Gox, which at one point handled more than 80% of trades in

the virtual currency, stopped all transactions, dealing the severest blow to

the bitcoin industry yet and raised concerns about a lack of protection for

users. Several Mt. Gox investors say they have little hope of recovering their

funds, with some individual investors saying they had bitcoins valued at

hundreds of thousands of dollars in Mt. Gox.

Atsuko Fukase contributed to this article

Write to Eleanor Warnock at

at



Subscribe to WSJ:



(END) Dow Jones Newswires

February 28, 2014 04:50 ET (09:50 GMT)

Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 50 AM EST 02-28-14



-----------------------------====================------------------------------

Copyright (c) 2014



*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court(MORE TO FOLLOW) Dow Jones NewswiresFebruary 28, 2014 04:34 ET (09:34 GMT)Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 34 AM EST 02-28-14*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B*DJ Mt. Gox Lawyer: Missing Bitcoin May Have Been Withdrawn Through System*DJ Mt. Gox Lawyer: 750,000 Bitcoin Held by Clients, 100,000 Held by Mt. Gox Mostly Missing*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened*CALL CENTER WILL BE SET UP FOR MT. GOX CUSTOMERSOn Bloomberg, when the whole story is available I will editDJ Mt. Gox Files for Bankruptcy ProtectionBy Eleanor Warnock and Takashi MochizukiTOKYO--A lawyer for Mt. Gox announced at a news conference at the TokyoDistrict Court that the embattled bitcoin exchange was filing for bankruptcyprotection and that Mt. Gox had outstanding debt of about Yen6.5 billion ($63.6million).The exchange has been under fire from investors since it stopped bitcoinwithdrawals in early February, citing a technical issue that potentially madefraudulent withdrawals possible.On Tuesday, Mt. Gox, which at one point handled more than 80% of trades inthe virtual currency, stopped all transactions, dealing the severest blow tothe bitcoin industry yet and raised concerns about a lack of protection forusers. Several Mt. Gox investors say they have little hope of recovering theirfunds, with some individual investors saying they had bitcoins valued athundreds of thousands of dollars in Mt. Gox.Atsuko Fukase contributed to this articleWrite to Eleanor Warnock at eleanor.warnock@wsj.com and Takashi Mochizukiat takashi.mochizuki@wsj.com Subscribe to WSJ: http://online.wsj.com? mod=djnwires(END) Dow Jones NewswiresFebruary 28, 2014 04:50 ET (09:50 GMT)Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 50 AM EST 02-28-14-----------------------------====================------------------------------Copyright (c) 2014

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chaos is fun... damental :)







LegendaryActivity: 938Merit: 1000chaos is fun... damental :) Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated February 28, 2014, 10:29:51 AM #15 http://www.reddit.com/r/Bitcoin/comments/1z62xt/mt_gox_lawyer_says_65_billion_yen_debt_65_million/ Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.

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Hero MemberActivity: 868Merit: 1000 Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated February 28, 2014, 11:14:58 AM #19 Quote The company's lawyers added that Mt.Gox may have lost nearly of its virtual currency, leading to a black hole of 2.8 billion Japanese yen, local media reported.





The company said there were 127,000 creditors in the bankruptcy and only 0.8 percent were Japanese. Representatives added that it opted for a transparent procedure due to public outcry and will aid authorities in finding out what happened. It's liquid liabilities totaled 6.501 billion Japanese yen with its total assets being 3.842 billion Japanese yen, according to Reuters. Dow Jones added that Mt.Gox believed 750,000 of customers' coins may have been lost and 100,000 of its own, meaning a loss of around $500 million at current market prices.

www.cnbc.com/id/101455170 All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.