Re:Mt. Gox Files for Bankruptcy Protection
by wtvanhest on Friday February 28, 2014 @09:40AM
(#7318877)
My comment below highlights the clawback risk for those that were successful at pulling money out. If this turns out to be a Ponzi scheme there is a real chance that people who profited and were able to get their USD out may actually be forced to forfeit all of their profits depending on the jurisdiction.
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Re:Mt. Gox Files for Bankruptcy Protection
by saalweachter on Friday February 28, 2014 @09:47PM
(#7322906)
I'm not sure I've heard any claims that would point towards MtGox being a Ponzi scheme. It was a straight forward exchange, not an investment with returns of any sort, let alone those derived from later investors.
The allegations are generally much more straight forward, either some sort of incompetence in the form of transaction malleability, or some sort of malfeasance (pilfering the bank for operating costs, outright theft of the funds). Ponzi schemes these are not.