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MtGox Shuts Down, CEO Resigns From BTC Foundation

posted by Dopefish on Tuesday February 25 2014, @06:00PM   Printer-friendly
from the that-didn't-end-well dept.
lennier writes "Has Magic the Gathering Online Exchange tapped all its mana? MtGox, the first and best known Bitcoin exchange, has abruptly shut down, and CEO Mark Karpeles has resigned from the Bitcoin Foundation after rumors of ongoing theft related to the transaction malleability issue reported several weeks ago. According to the latest news reports, Bitcoin has hit a three-month low of $465 USD per coin."
 
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  • (Score: 1) by Jerry Smith on Wednesday February 26 2014, @08:28PM

    by Jerry Smith (379) on Wednesday February 26 2014, @08:28PM (#7538) Journal

    Okay... then why didn't they run with them at $1000/BTC rather than waiting until they dropped below $200?

    Because if caught, they can only be charged for the $200 value. If they manage to lay low long enough, the 'coin' will bounce back up and they will can sell for double or triple the initial value.

    --
    All those moments will be lost in time, like tears in rain. Time to die.

  • (Score: 0) by Anonymous Coward on Thursday February 27 2014, @07:29AM

    by Anonymous Coward on Thursday February 27 2014, @07:29AM (#7839)

    That sounds like a really shitty plan.