MtGox found 200,000 missing bitcoins in old wallet

mtgox bitcoin news

Bankrupt Japanese firm MtGox said in a filing that it has found 200,000 lost bitcoins in a wallet from 2011 that used older technology.

Now the total number of bitcoins the firm lost were down to 650,000 from 850,000.

MtGox.com, formerly the world’s largest bitcoin exchange, filed for bankruptcy in February 2014, after mtgox said it lost thousands of bitcoins to hackers.

Mr Karpeles said the firm moved the found bitcoins to offline wallets on 14 and 15 March 2014 so that they could not get targeted.

Mt.Gox Statement States

“MtGox Co., Ltd. had certain oldformat wallets which were used in the past and which, MtGox thought, no longer held any bitcoins. Following the application for commencement of a civil rehabilitation proceeding, these wallets were rescanned and their balance researched. On March 7, 2014, MtGox Co., Ltd. confirmed that an oldformat wallet which was used prior to June 2011 held a balance of approximately 200,000 BTC (199,999.99 BTC). MtGox Co., Ltd. investigated the presence of these 200,000 BTC, immediately reported it to its counsels in the application for commencement of a civil rehabilitation proceedings (“counsels”). A hearing took place on March 8 where a detailed explanation of the situation was made to counsels. Immediately on Monday (March 10), counsels reported the existence of the 200,000 BTC to the Court and the Supervisor”

Mt.Gox Bitcoin News

Related articles

bitcoin price

Bitcoin drops below $7,000

Bitcoin dropped more than 6 percent over two hours Monday, to below $7,000 as the April tax-filing deadline approaches. The cryptocurrency hit a low of around $6,646.07 on Monday, according to data from CoinDesk. Bitcoin prices have fallen more than 27 percent over the past month. Tax Related Selling Tax-related selling has been a key […]

ben lawsky transitional bitlicense

Transitional BitLicense for Small Startups

Thе Nеw York Department оf Financial Services (NYDFS) hаѕ announced thаt it iѕ соnѕidеring creating a ѕресiаl type оf transitional BitLicense tailored tо thе nееdѕ оf small businesses аnd startups. Thе ѕресiаl license wоuld аllоw bitcoin startups thаt meet сеrtаin criteria tо operate within a mоrе flexible regulatory framework fоr a yet-to-be-determined period оf time, […]

Leave a Reply

Your email address will not be published. Required fields are marked *

*