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posted by janrinok on Monday March 03 2014, @04:00PM   Printer-friendly
from the tell-me-it-aint-so dept.

unitron writes:

"Via Twitter, Cmdr Taco passes this along

'A crazy theory, MtGox had its btc seized by us govt during Silk Road investigation, but gag order prevents disclosure'

The actual article, by Chris Pacia (who links to and credits PuffyHerb on Reddit for most of the thinking behind it), is here:

http://chrispacia.wordpress.com/2014/02/28/this-is -what-most-likely-happened-to-mtgox/"

[Ed's Note: The paragraph above is pretty much how it was received. I leave it up to the readers to draw their own conclusions on the plausibility or otherwise of this report and the linked article. It is, by its very nature, speculative but worthy of further discussion nonetheless.]

 
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  • (Score: 0) by Anonymous Coward on Wednesday March 05 2014, @02:36AM

    by Anonymous Coward on Wednesday March 05 2014, @02:36AM (#11131)

    ... it seems they had a cold wallet. Also several people claim to have warned them about the problem long before the first reports of it being exploited. ... the amount of money they owe to customers should be equal to the amount of money they have stored.

    Oh, yeah, I get it! Yeah... yeah. My thinking about this case had become very uptight.

    So what happened is, they had their cold wallet on a single machine, the hard drive died, they couldn't recover it and didn't have a backup... no way they could admit it... It makes perfect sense now!