Quote from: Torque on February 17, 2017, 03:56:48 PM

Quote from: HI-TEC99 on February 17, 2017, 03:46:00 PM

Quote from: Aviator019 on February 17, 2017, 01:25:21 PM

this seems interesting: http://www.coindesk.com/bitcoin-investor-roger-ver-to-push-for-okcoin-liquidation-in-court/

If a court liquidates OKccoin before the end of its withdrawal freeze the Bitcoins on the exchange could get locked up indefinitely, until a receiver shares them out. That would help maintain the supply/demand imbalance on other exchanges. There's not enough coins to satisfy demand as it is.

Not to mention, I have a sinking suspicion (as others have noted too) that some of the Chinese exchanges could be insolvent, might have been for a long time now. They've probably gotten away with naked shorting for a while now.

If the PBoC ever starts to audit them, they might be in trouble.

^talks begin re: bailout of insolvent bitcoin exchanges in mainland china :-D