MTGOX just started serving this: The requested page was not found on this server The cold storage has been wiped out due to a leak in the hotwallet what? Sorry but you do check your total balance every so often. I mean you do. "Injections in coin are most useful (enough to run the exchange) but some cash is also needed to not run a fractional reserve" This is actually really decent news. Running a fractional reserve would be very tolerable. It's interesting they mention turning off trade for a month, that's quite a lot. And it might just have started right now. 744,408 were stolen but they have a liability of 624,408 BTC Those numbers seem in the right order (if everything is kinda effed). "Coins for equity, coin donations, and cash injections to buy coins at the cheapMtGox price are some options among many." I think I could do with some equity. But I wonder if it'd be a good deal, given their distinct lack of Bitcoin (according to this document). "To avoid a bank run from customers, the daily amount of bitcoin and cashwithdrawals will be limited." Seems nobody got burned. Just for a while. Anyway. The question of how this happened is not really answered. "Poor Bitcoin accounting" is an understatement. Your hot wallet leaking is also not a very realistic thing, unless it was just a steady steal. How can someone steal all the money and not be detected (by anyone)? Can we somehow just revert the theft transactions? I'd at least like to know what happened to the coins. Who has them? Who goes to jail for it? This is a pretty strange way for all this to turn out if you ask me. I wonder who didn't get burned. 2014-02-25 3:49 GMT+01:00 Rich Jones <rich@openwatch.net>:
Alleged leaked doc from inside Mt. Gox:
http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
Nasty lookin', especially that assets and liabilities page! Although I
don't understand how the theft could affect their cold storage.
Soooooo.. who got burned?
R