Mt. Gox disappears as Bitcoin community after a serious collapse


February 26th 2014

Dear MtGox Customers,

As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues.

Furthermore I would like to kindly ask that people refrain from asking questions to our staff: they have been instructed not to give any response or information. Please visit this page for further announcements and updates.

Mark Karpeles

Actual News:

Mt. Gox, once the largest Bitcoin exchange in the world, is operated from an unmarked Tokyo office block that offers no indication of its major, controversial influence on the digital currency’s health. How a customer feel when a $950 valued Bitcoin are no more now. Mt. Gox’ has some serious blow and under surveillance while CEO sidesteps theft claims. The website remains inaccessible, and the exchange appears to have deleted its entire Twitter feed. It’s getting more complex every day.


it all starts with no indication, that is, unless you’ve walked past the headquarters few weeks before, where protesters are attempting to draw unwelcome attention to the company’s existence. “Mt. Gox: Where is our Money,” reads one sign. “Mt. Gox: Are you solvent??” reads another. What’s going on??. Everything is getting too serious when it comes to Mt. Gox.

The wretched situation for Bitcoin exchange Mt. Gox, which went offline, is seemingly no closer to getting better. A pair of reports suggests that the company is now being investigated by prosecutors in the US as well as Japan, while another suggests that it could have indeed lost over 744,000 Bitcoins in a theft several years ago.

Bitcoin exchange Mt. Gox, CEO Mark Karpeles told an industry consultant Tuesday that he has not yet given up on Mt. Gox and has not made plans to step down. “Giving up,” says Karpeles, “is not a part of how I usually do things.”

Karpeles says that any Bitcoin he personally owns was on Mt. Gox, meaning he will lose money if the exchange fails. In response to a question about how much he personally stands to lose, Karpeles writes, “Well, technically speaking, it’s not ‘lost’ just yet, just temporarily unavailable.”

When asked about the viability of an unregulated currency he writes, “tbqh [to be quite honest] the pressure we got from banks and governments makes things very hard.”

Hope they will get back soon and save their community!

The Mt. Gox is completely disappears this morning and the news popped up like,

Dear MtGox Customers,

In light of recent news reports and the potential repercussions on MtGox’s operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team.

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