Remember how Mt.Gox got hacked and lost all their bitcoins? About that The data appears to show MtGox CEO Mark Karpeles was lying when he said all the exchangeâs bitcoins had been stolen http://gigaom.com/2014/03/10/mtgox-...omplete-with-bitcoin-wallet-stealing-malware/ Over the weekend, hackers stole the database of the failed Bitcoin exchange MtGox, hijacked the blog and Reddit account of MtGox CEO Mark Karpeles â and published the former via the latter. The data appears to show that MtGox did not have all its bitcoins cleaned out by hackers, as it claimed when it went bankrupt. .... The leaked information appears to bolster the case of those who suspect Karpeles of defrauding his customers. The way Karpeles and his lawyers told it, hackers had stolen 750,000 bitcoins belonging to MtGoxâs customers and 100,000 belonging to the exchange itself, supposedly leaving nothing. According to the data leaked on the weekend, MtGox actually still has 951,116 bitcoins. This detail is accompanied in the document by a strongly-worded suggestion that Karpeles has been less than honest. One bitcoin is currently worth around $620, so that would be roughly $590 million worth.
There are some rumors that he's under gag order by the US Feds as a result of an investigation that involves the movement of BTC through Mt. Gox. However, there's been so much BS going on in the BTC world it's hard to filter through it all.
Mt Gox was fractional reserve since probably 2011. I agree with most of what Falkvinge posited, and he has a good piece on it. Where is the huge dumping if those coins were hacked.... hmmm???? Gag order/ SR theory... highly unlikely. For one thing, US cash w/drawals were scrapped before Silk Road went down. Also, no other exchange has been affected. Coinbase is US. I'm sure there were silk roaders trading BTC there (maybe not a lot but a few).