Blog Archives

Some biggest bitcoin hacks and thefts of all times

Posted on 23rd July, 2017

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 […]

OKPay surrenders $6 million in held customer funds to Mt.Gox

Posted on 8th September, 2014

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 […]

Kraken to launch Japanese exchange

Posted on 17th August, 2014

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 […]

Mt. Gox bankruptcy proceedings delayed another six months as filing deadlines extended

Posted on 11th August, 2014

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 […]

Report: Tokyo police announce formal Mt.Gox criminal investigation

Posted on 30th July, 2014

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 […]

U.S. court issues restraining order halting auction

Posted on 24th July, 2014

The much-anticipated auction of branding-friendly domain 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., was expected to sell for around $1 million, with at least half of the proceeds going to Mt.Gox creditors. The injunction was issued […]

With less than 9 hours left, pre-auction has yet to break reserve price

Posted on 23rd July, 2014

There are few domain names in the cryptocurrency world more promising for an SEO-savvy marketer than Currently owned by Mt.Gox parent company Tibanne, 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 […]

Mt.Gox creditors meeting provides little news

Posted on 23rd July, 2014

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 […]

New Japanese bitcoin exchange planned by former Goldman Sachs trader

Posted on 22nd July, 2014

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 […]