The cabinet wanted to initiate peace negotiations with the Allies.
Miklós Horthy moved to reconsolidate his influence and began considering strategies for surrendering to the Western Allies because he deeply distrusted the Red Army.
The attempted coup was not successful.
Horthy was captured by Edmund Veesenmayer and his staff later on 15 October and taken to the Waffen SS office, where he was held overnight.
Lajos Csatay was captured by the Gestapo; as a result he committed suicide along with his wife.