Bitcoin Saga: Mt. Gox Missteps Give Regulators A Boost
Now that the initial shock of seeing one of Bitcoin’s biggest platforms go under has passed, people are starting to realize that if Mt. Gox goes bankrupt, any assets deposited there are probably just gone. A document online that is supposed to be a contingency plan for Mt. Gox indicates that the company had just $32.75 million in assets to cover $174 million in liabilities. While both of those figures are probably a lot smaller now that the price of Bitcoins has dropped, the gap between them remains.
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