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The Water Cooler
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Bitcoins woes .. Mt Gone
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<blockquote data-quote="_CY_" data-source="post: 2418786" data-attributes="member: 7629"><p>Japanese authorities looking into Mt. Gox amid US subpoena report</p><p></p><p>Japans top government spokesman said authorities are gathering information on the situation at Tokyo-based Bitcoin exchange Mt. Gox, where trading halted amid concerns that hundreds of millions of dollars worth of bitcoin are missing.</p><p></p><p>The relevant agencies and ministries such as the police and the Ministry of Finance are trying to grasp the actual situation, Chief Cabinet Secretary Yoshihide Suga told a press conference on Wednesday.</p><p></p><p>After understanding the actual situation, the government shall make appropriate responses but at this point in time the government is still trying to gather information, Suga said.</p><p></p><p>The statement marks the first time the Japanese government has spoken about the situation at the embattled exchange, once the worlds largest for trading bitcoin.</p><p></p><p>Tokyos Metropolitan Police Department had no comment on any potential inquiries into the situation surrounding Mt. Gox, where trading halted on Tuesday.</p><p></p><p>The exchange has received a subpoena this month from U.S. federal prosecutors in New York asking it to preserve certain documents, The Wall Street Journal reported late Tuesday, citing an anonymous source familiar with the matter.</p><p></p><p>Meanwhile, the transcript of a chat purportedly held with Mt. Gox CEO Mark Karpeles was posted to an online forum.</p><p></p><p>While it was not possible to verify whether the chat is genuine or a hoax, Karpeles apparently said that bitcoin in Mt. Gox is temporarily unavailable and not lost. He added that he and his colleagues have not given up on trying to save the exchange.</p><p></p><p>When asked about a document published online that suggests 744,408 bitcoin had gone missing from Mt. Gox, Karpeles apparently said the document is more or less legit. The sum would be worth about US$443 million at current prices.</p></blockquote><p></p>
[QUOTE="_CY_, post: 2418786, member: 7629"] Japanese authorities looking into Mt. Gox amid US subpoena report Japans top government spokesman said authorities are gathering information on the situation at Tokyo-based Bitcoin exchange Mt. Gox, where trading halted amid concerns that hundreds of millions of dollars worth of bitcoin are missing. The relevant agencies and ministries such as the police and the Ministry of Finance are trying to grasp the actual situation, Chief Cabinet Secretary Yoshihide Suga told a press conference on Wednesday. After understanding the actual situation, the government shall make appropriate responses but at this point in time the government is still trying to gather information, Suga said. The statement marks the first time the Japanese government has spoken about the situation at the embattled exchange, once the worlds largest for trading bitcoin. Tokyos Metropolitan Police Department had no comment on any potential inquiries into the situation surrounding Mt. Gox, where trading halted on Tuesday. The exchange has received a subpoena this month from U.S. federal prosecutors in New York asking it to preserve certain documents, The Wall Street Journal reported late Tuesday, citing an anonymous source familiar with the matter. Meanwhile, the transcript of a chat purportedly held with Mt. Gox CEO Mark Karpeles was posted to an online forum. While it was not possible to verify whether the chat is genuine or a hoax, Karpeles apparently said that bitcoin in Mt. Gox is temporarily unavailable and not lost. He added that he and his colleagues have not given up on trying to save the exchange. When asked about a document published online that suggests 744,408 bitcoin had gone missing from Mt. Gox, Karpeles apparently said the document is more or less legit. The sum would be worth about US$443 million at current prices. [/QUOTE]
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