Re:MtGox.com is offline
by vesinisa on Tuesday February 25, 2014 @12:40AM
(#7295867)
If MtGox actually had much none of the BTC they showed on their clients accounts, it was exactly that – a Ponzi scheme. Not sure if it changes the matter whether they did it intentionally or not.
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No, that's a different type of fraud or downright incompetence. A Ponzi is when investors who are expecting positive returns are intentionally paid with other investors' money. That's not what happened here. Exchanges don't offer investments.