Post
Topic
Board Service Discussion
Re: How Mt. Gox could be making huge profits by suspending withdrawls
by
Barek
on 16/02/2014, 20:17:01 UTC
Gox could be screwing over their customers in two easy steps.

1. Buy a bunch of BTC for $250.
2. Move them to another exchange and sell them for $600.

The owners of Gox obviously aren't bound by the "no withdrawls" rule.

Maybe this strategy could make them solvent again.  Maybe they are screwing their customers for huge profits. Maybe they are too incompetent to even see this as an option.

No need to move them anywhere. Just announce withdrawals are open again and sell on your own exchange. Fiat ain't going nowhere, the Gox premium will be back.