Quote from: T.Stuart on February 25, 2014, 04:55:41 PM

Quote from: orlinm on February 25, 2014, 04:13:02 PM

Quote from: digimag on February 25, 2014, 04:02:52 PM

They underestimate their liability anyway

744,408 BTC (MtGox av price 160 USD= 119,105,280 USD)

The real price is 500 USD if not more.

I think in the end they will offer users to withdraw fiat only and they will pay $100 - $150 per bitcoin or whatever was the last price. I also think that now they will try to sell their clients' bitcoins to other exchanges at $500+ . This is the only way they can pay. Either that or they will not pay anything to anyone.

Yes... but you are forgetting that apparently they don't have their client's bitcoins!

I'm starting to think that this could be the sale of the century for Mark et al.

EDIT: a team with the skills needs to hunker down and start an audit of every transaction related to Gox since the start. Is this already underway somewhere?

Yes! Jack Black is on it...

"And poof! Bitcoinica disappears."

...along with his side project.

"Stand over there holding a frappuccino so that I can adjust the sights."