*MtGox does not loan out currency. Unless they've embezzled funds or shredded BT... | Hacker News

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CamperBob2 on Feb 7, 2014 | parent | context | favorite | on: Statement Regarding Bitcoin Withdrawal Delays

MtGox does not loan out currency. Unless they've embezzled funds or shredded BTC (see below), they will ultimately have the ability to honor all payment requests and _still_ have their profits.

Or unless they were hacked, and simply don't have the BTC anymore.

sounds on Feb 7, 2014 [–]

They use wallets in cold storage. Perhaps an insider could make off with the BTC.

I'm seriously not defending MtGox. I'm affected by this. But if we're speculating, at least speculate credibly. :)

CamperBob2 on Feb 7, 2014 | [–]

All we have is their word on that.

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