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What really happened that brought Mt Gox down?

Mark Karpeles bows deeply

How the mighty have fallen. It finally happened, Mt Gox closed its doors officially this week. Whatever you had, Bitcoin or fiat currency at Mt Gox, it’s now gone. I feel for the people who lost, especially anyone who made this list. But did Mt Gox get hacked, or was it something else that brought about their fate? And where are the millions that Mt Gox supposedly had?

I had cleared out my account a few weeks ago, so I ended up only losing pennies compared to others. I was lucky, because just a few months ago I started my Bitcoin presence by depositing into Mt Gox. If my timing was a little different, it would have gone bad and I would have undoubtedly given up on Bitcoin. But Mt Gox going under isn’t scaring me away from Bitcoin. Mark Karpeles was quoted saying, “We have lost Bit...

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