Post
Topic
Board Securities
Re: GLBSE is offline We will update our users on Saturday.
by
MPOE-PR
on 04/10/2012, 18:37:20 UTC
Lack of explanation implies lawyers got involved. Wait and see what happens.

Yeah that's what I'm thinking. Saturday should be an interesting day.

No, lawyers getting involved implies lack of comments. Lack of comments implies nothing. Implications aren't two way, you know.

Lack of explanation implies lawyers got involved. Wait and see what happens.

Yeah that's what I'm thinking. Saturday should be an interesting day.

Agreed. If it was migrating servers or something like it, he would have put it on there and would even have announced it before hand. The fact that he doesnt means he doesnt want to talk about the real reason yet. A SEC or criminal investigation seems like a good bet, and also matches with the fact Nefario hasnt been communicating for quite some time now.

Anyone have an idea how much money we are talking about here? The combined asset value?



150k BTC asset value or so, I imagine most peeps didn't keep much of a BTC balance on GLBSE.  Probably less then 20k BTC on the exchange.

Aggregate value of all GLBSE assets was in the 50k range. It's conceivable 2-5k of that was in cash balances.

Protip guys, don't start a business like this without first hiring a lawyer who specializes in finance & securities law, period.

In other words, don't start a business like this without first being a millionaire, or having one to back you up. (it won't stop on "hiring a lawyer")

That is exactly true, and exactly the reason MPEx ate everyone's lunch.