Post
Topic
Board Bitcoin Discussion
Re: MyBitcoin Back Up! (with a press release)
by
repentance
on 05/08/2011, 08:16:17 UTC
I see a lot of similarities with the MtGox hack, they got out of it stronger. This should be possible for MyBitcoin as well.

You are dreaming. MBC is going into receivership. Game. Over.

Receivers do sometimes trade businesses out of trouble rather than liquidate them, but we have no idea of the size of the hole Mybitcoin is in and whether that's a viable option.  The nature of Mybitcoin's business probably isn't going to count in favour of continuing to trade while under administration, though.