Hooligans Sportsbook

Bitcoin-based online gambling

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About $50-$100 million stolen from Gox? :yikes:

MtGox Co., Ltd. made today an application for commencement of a procedure of civil rehabilitation (minji saisei) at the Tokyo District Court. This application was accepted on the same day. Further, MtGox Co., Ltd is under several orders issued by the Court : a preservative order prohibiting it from paying its debts, transferring its assets or establishing security over its assets, an order establishing a comprehensive prohibition of forced attachment of its assets by its creditors and a supervisory order ordering supervision by a supervisory committee. In consequence, MtGox hereby informs you as follows.
We first express our most sincere regrets and apologies for this situation and for causing so much inconvenience to all our users and other interested parties. We will fully respect the above orders and maintain our assets with all the necessary care.

Financial situation, reasons and timeline leading to this application

(1) As of now, the liabilities of MtGox Co., Ltd exceed its assets and its financial situation is as follows:

Total amount of assets 3,841,866,163
Total amount of current liabilities 6,501,119,371

(2) The increase of current liabilities may be linked to a loss of bitcoins and customer funds. These are now investigated by an expert and all efforts are made to discover the truth. This application was prompted by the following troubles:

At the start of February 2014, illegal access through the abuse of a bug in the bitcoin system resulted in an increase in incomplete bitcoin transfer transactions and we discovered that there was a possibility that bitcoins had been illicitly moved through the abuse of this bug.

As a result of our internal investigation, we found that a large amount of bitcoins had disappeared. Although the complete extent is not yet known, we found that approximately 750,000 bitcoins deposited by users and approximately 100,000 bitcoins belonging to us had disappeared.

We believe that there is a high probability that these bitcoins were stolen as a result of an abuse of this bug and we have asked an expert to look at the possibility of a criminal complaint and undertake proper procedures.

On the same day (24th), we found out large discrepancies between the amount of cash held in financial institutions and the amount deposited from our users. The amounts are still under investigation and may vary but they approximate JPY 2.8 billion.

We are investigating the causes of these problems. Since there are probably a variety of causes including hacking by third parties, we need to investigate a huge amount of transaction reports in order to establish the truth. As of this date, we cannot confirm the exact amount of missing deposit funds and the total amount of bitcoins which disappeared.

Once we discovered that bitcoins had disappeared and the discrepancies between cash funds and deposit balances, we judged that it would be difficult to continue our activities normally and we therefore closed our site at noon on the 25th (Japan time).

(3) Regarding the filing of a complaint or damages report, an expert has been mandated and investigations have started. We will make all efforts to ensure that crimes are punished and damages recovered.
Further we will fully cooperate with inquiries from authorities and investigations related to this matter, in Japan or overseas.

In order to increase repayments to our creditors, it is necessary to explore the possibility of having MtGox Co., Ltd. continue its business. This is why the civil rehabilitation procedure has been chosen, Rebuilding MtGox Co., Ltd under the supervision of the court in a legally organized procedure while giving proper explanations will not be for the sole benefit of the company but for that of the whole bitcoin community.

All efforts will now be made to restore the business and recover damages to repay debts to creditors. We hope for the understanding and cooperation of all.
 
[h=1]Bitcoin-exchange CEO found dead[/h]
[h=2]The American CEO of a virtual-currency exchange was found lying motionless near the Singapore apartment tower where she lived.[/h]
SINGAPORE—The CEO of a virtual-currency exchange was found dead near her home in Singapore.

A police spokesman said Thursday that initial investigations indicated there was no suspicion of “foul play” in the Feb. 26 death, meaning officers do not suspect murder.



The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she lived.

Police have so far classified the death as “unnatural,” which can mean an accident, misadventure, or suicide.

Radtke’s company, First Meta, said it was “shocked and saddened by the tragic loss.”



http://www.thestar.com/business/2014/03/06/bitcoinexchange_ceo_found_dead.html
 
I do too, but the post above is Satoshi's, just might be playing it off of himself. There is this also, not reliable but interesting...

back in 2011 I convinced my wife who ran a small creperie in DUMBO, Brooklyn to start accepting bitcoins. We were one of the first in the world physical location that accepted this new digital currency [1]. In the next couple of month we received a lot of attention, but no one has purchased anything with btc. Then one day, my wife calls me and informs that there is someone who would like to pay with bitcoins. I got excited and asked her to take a picture of the guy because he is the first one and it's a historic moment for us. He bought 2 crepes and paid using his smartphone and our QR code with btc address. One crepe and a lemonade was 1 bitcoin at that time :)
After he finished his food my wife approached him and asked to take a picture of him for being the first. He blushed and politely declined citing that bitcoin is an anonymous currency. He wished us well, added that bitcoins should already be in our account and left.

My wife called me back and revealed that he refused to take a picture. So I asked her to describe him. She portrayed the guy as a humble polite Japanese man in his 50s. We joked maybe it was Satoshi, but I dismissed the idea. I assumed it was some one from Mt Gox since it was located in Japan.

Today I showed the picture of Satoshi in Newsweek to my wife and she recognized him.

http://bitcoinbabe.blogspot.com/2011/07/bitcoin-sex-drugs-and-baklava-and.html
 
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