Mt. Gox is dead. There is not much a chance they will be able to overcome the press of the past four months and re–establish themselves as a trustworthy bitcoin wallet and exchange. And they haven’t even gone bankrupt yet.
For that reason‚ bitcoin is now stronger than ever. Although mainstream press outlets may give you a different‚ false idea.The writing has been on the wall. 2013 was a scandal–laden year for Mt. Gox, as the feds seized 5 million from its bank accounts‚ a 75 million dollars lawsuit with a former partner manifested‚ and its US banks accounts were closed resulting in the company’s inability to get funds to US customers.
Mt. Gox played a big role in the growth of bitcoin. Even when the price of bitcoin was merely 13 dollars‚ Mt. Gox was a trusted brand among online wallets.
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