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Mt. Gox Ordered Into Liquidation

Posted by ryuzaki0 on from the even-the-pretend-assets dept.

An anonymous reader writes "The Japanese edition of The Wall Streeet Journal reports that Mt. Gox has filed for liquidation under Japanese bankruptcy law (link to article in Japanese, U.S. version may be paywalled). The article cites a 'related party' as saying that Mt. Gox was unable to work out how to deal with creditors spread out all over the globe, nor design a realistic rebuilding plan. The article adds a comment from the company lawyer: Mark Karpeles will not be attending the bankruptcy court hearing in the United States scheduled for April 17th." The announcement from Mt. Gox's lawyer.

8 of 44 comments (clear)

  1. This confirms my point of view by squiggleslash · · Score: 5, Funny

    Many of my critics have claimed that the closure of Mt. Gox means something I'd prefer not to believe about Bitcoins. But ultimately, I think this proves they're wrong, and that surprisingly this actually confirms what I've been saying all along.

    Sure, my view has its detractors. But they're not basing their viewpoint on calm, reasoned, objective criteria mixed with a bigger vision of how the world works and the economics of Bitcoins vs the economics of normal currencies. They're simply mixing some observations with their own prejudiced view of economics, and coming to the opposite conclusion.

    I think, in the end, you'll find I'm right about Bitcoins and that my view is confirmed by the closure of Mt. Gox. It may not be the view you have, but it is the right one.

    (C) All Bitcoin advocates/skeptics, 2014

    --
    You are not alone. This is not normal. None of this is normal.
    1. Re:This confirms my point of view by Anubis+IV · · Score: 2

      (C) All Bitcoin advocates/skeptics, 2014

      You have no point...

      Whooooosh.

  2. Good news and bad news by Anonymous Coward · · Score: 5, Funny

    Good news: Mt. Gox ordered into liquidation.
    Bad news: All debts paid out in Dogecoin.

    1. Re:Good news and bad news by GTRacer · · Score: 2

      much debt. wow. such poor.

      --
      Defending IP by destroying access to it? That makes sense, RIAA/MPAA. Go to the corner until you can play nice!
  3. Get this over with by mysidia · · Score: 2

    Mark Karpeles will not be attending the bankruptcy court hearing in the United States scheduled for April 17th.

    Extradite him. He's probably not coming to the US for the hearing, because he could be arrested on the spot.

    1. Re:Get this over with by bill_mcgonigle · · Score: 2

      Money laundering, theft, gross negligence. I'm sure there's plenty more.

      Let's assume the premise. You want the US to now arrest people for crimes committed in Japan?

      Team America World Police was satire.

      --
      My God, it's Full of Source!
      OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
  4. You Insensitive Nazi Clod! by sirwired · · Score: 4, Funny

    By glorifying MtGox's collapse, you have shown yourself to be a Thuggish Tool Of The Oppressor! You would have made Hitler and his minions proud with your slavish dedication to the status quo.

    Maybe you should open your eyes to the real world instead of digging yourself into a bunker of group-think as part of the great mass of sheeple and perpetuating hysteria and hype.

    (c) All Politically Frothy Slashdot Commenters, MMXIV, All Rights Reserved

  5. Re:http://www.linuxadvocates.com by fellip_nectar · · Score: 3, Funny

    I would donate, but someone stole all my Bitcoins...

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    Worst. Signature. Ever.