News for hackers. Stuff that matters.

A comment on Mt. Gox Finds 200,000 Missing Bitcoins. Parent comment

Re:Mt. Gox Finds 200,000 Missing Bitcoins by hnnewguy on Friday March 21, 2014 @09:57AM (#7442311)
>so they could shore up their balance sheets with cheap and safe FDIC insured accounts.

FDIC insured accounts are liabilities on a bank's balance sheet.

[ Parent | on HN ]
Re:Mt. Gox Finds 200,000 Missing Bitcoins by maxerickson on Friday March 21, 2014 @10:04AM (#7442340)
You are right, they did it to access a lending facility that was only available to them if they switched their structure.

(I made the mistake of talking when I shouldn't have, I wasn't trying to mislead)

[ Parent | on HN ]