Mt.Gox says it found 200,000 bitcoins (120mil usd) in 'forgotten' wallet

newguy05 · Mar 20, 2014

Mt. Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection saying it had lost about $500 million worth of bitcoin, nearly all its holdings.

Mt. Gox made the announcement on its website. Online sleuths had noticed the same amount of bitcoin moving through the crypto-currency exchange after the bankruptcy filing.

The exchange said the bitcoins were found in an old-format online wallet which it had thought no longer held any bitcoins, but which it checked again after its bankruptcy filing.

"On March 7, 2014, Mt.Gox confirmed that an old format wallet which was used prior to June 2011 held a balance of approximately 200,000 BTC," the statement said.

"For security reasons, the 200,000 BTC which were at first on the 7th moved to online wallets, were moved between the 14th and 15th to offline wallets. These bitcoin movements, including the change in the manner in which these coins were stored, had been reported to the court and the supervisor by counsels."
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Right...and I am Santa Claus. That fucker mark karpeles realized how much shit he is in and realized he can't bs his way out of stealing what's left of customers coins. Grade A scumbag.

CenFlo · Mar 21, 2014

Wondering how many more coins will start magically appearing from "Magic the Gathering" ??

gwb-trading · Mar 22, 2014

peilthetraveler · Mar 23, 2014

CenFlo said:
Wondering how many more coins will start magically appearing from "Magic the Gathering" ??
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Apparently another 530,000 bitcoins just appeared. http://toyokeizai.net/articles/-/33526

Wide Tailz · Mar 23, 2014

The whole affair is starting to seem like an insurance scam: bk the co claiming it was hacked, hide the assets, lay low for a few years and spend the cryptocurrency a little at a time (considering it is anonymous).......

drownpruf · Mar 24, 2014

Wide Tailz said:
The whole affair is starting to seem like an insurance scam: bk the co claiming it was hacked, hide the assets, lay low for a few years and spend the cryptocurrency a little at a time (considering it is anonymous).......
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+1

Karpeles has been using it for a piggybank (prior fraud conviction) and all was peachy until the thing went up 500x.

drownpruf · Mar 24, 2014

newguy05 said:
Right...and I am Santa Claus. That fucker mark karpeles realized how much shit he is in and realized he can't bs his way out of stealing what's left of customers coins. Grade A scumbag.
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Karpeles has been stealing for years. I am sure he could've paid back the larceny out of transactions, but f*cked up. Now he's going to make a deal to avoid prosecution and keep $30-50MM in Bitcoin. Watch for it.