For your pleasure, entertainment, and hopefully some information, I present below the wall of shame, starting with a less obvious and perhaps incorrect choice for the repugnant honor of the biggest bitcoin hack and theft of all time. Jed McCaleb, founder of Ripple (publicly announced he was to sell around one billion of them crashing […]
Last month, early-adopting bitcoin payment processor OKPay was ordered by a British Virgin Islands court to surrender $6,014,910 in held customer deposits to defunct bitcoin exchange Mt.Gox. OKPay had hoped to return these funds directly to customers, but legal challenges by Mt.Gox’s Trustee Fund have held the funds in a “limbo” within Mt.Gox’s OKPay account […]
The collapse of Mt.Gox still looms large in the bitcoin world. In a matter of weeks, the once-iconic Tokyo-based exchange crumbled amid vague and as-yet unsubstantiated claims of hacking. Not surprisingly, many have since come to suspect that there’s more to the Mt.Gox story than has been revealed. Without access to the company’s internal database, […]
San Francisco-based cryptocurrency exchange Kraken is no stranger to the international bitcoin market. Although the company is based in the U.S., the exchange doesn’t do much business in dollars, preferring instead to avoid the finicky, risk-averse, account-closure prone American banking system as much as possible. While most of its business is in euros, Kraken’s founder […]
Defunct Tokyo-based bitcoin exchange Mt.Gox recently announced that the resolution to its ongoing bankruptcy case will be delayed by at least another six months. In a new update to Mt.Gox’s website, court-appointed trustee Nobuaki Kobayashi said that an order issued last month by the Tokyo District Court 20th Civil Division has pushed the claim-filing period […]
In a report published today by the Wall Street Journal‘s MoneyBeat blog, the Tokyo Metropolitan Police Department said it was launching a formal investigation into the loss of nearly 850,000 bitcoins from the long-shuttered Mt.Gox exchange. Given the size of the heist, and the extraordinary level of coverage the collapse of Mt.Gox has seen both […]
The much-anticipated auction of branding-friendly domain Bitcoins.com was stopped yesterday when the U.S. District Court of Seattle issued a restraining order preventing the sale. Owned by Mt.Gox parent company Tibanne K.K., Bitcoins.com was expected to sell for around $1 million, with at least half of the proceeds going to Mt.Gox creditors. The injunction was issued […]
There are few domain names in the cryptocurrency world more promising for an SEO-savvy marketer than Bitcoins.com. Currently owned by Mt.Gox parent company Tibanne, Bitcoins.com has the potential to be a flagship site in the digital currency community. When it was announced earlier this month that the domain would be auctioned off, many analysts predicted […]
A closed-door meeting of Mt.Gox customers and other creditors held today in Tokyo provided little solace to those who lost their funds on the shuttered bitcoin exchange. The meeting provided those burned by the exchange their first face-to-face interaction with Mt.Gox CEO Mark Karpeles, who gave a brief apology for the situation but otherwise left […]
In the nearly six months since Mt.Gox imploded, two major things have happened to the bitcoin community in Japan. The first is that Japan’s population became aware of bitcoin in a very big way, as coverage of the failed exchange and the $500 million loss became headline news in a country that had previously seen […]