Blog Archives

Mt.Gox resumes access to user database

Posted on 18th March, 2014

In an update published yesterday on the Mt.Gox website, customers of the now-bankrupt exchange are now able to log in and view their account information. The interface appears to be a simple query system for the same database released by hackers earlier this month, and is currently limited to account balance information. Given the history […]

Japanese banking giant Mizuho added to Mt.Gox lawsuits

Posted on 17th March, 2014

Two lawsuits against bankrupt bitcoin exchange Mt.Gox added Japanese “megabank” Mizuho as to their filings on Friday. According to both suits, one in the U.S. and the other in Canada, the lack of due diligence by the bank was an inherent part of the alleged three-year fraud at Mt.Gox. As Mt.Gox’s bank, Mizuho held most […]

U.S. Court freezes assets of Mt.Gox CEO Karpeles

Posted on 12th March, 2014

In a temporary order issued yesterday in Chicago by U.S. District Judge Gary Feinerman, all U.S. assets held by both Mt.Gox and CEO Mark Karpeles are frozen for at least the next two weeks. Bloomberg reports that all “money and property belonging to the affiliate, its ultimate corporate parent, Tibanne KK, and principal Mark Karpeles” […]

Hackers demand .25BTC per user extortion not to release stolen Mt.Gox data

Posted on 11th March, 2014

Last week, hackers released a variety of potentially damaging internal Mt.Gox databases as well as a wallet-stealing virus disguised as a search tool. The hackers also claimed to have over 20 GB of Mt.Gox user data which they planned to sell “one or two times to make up personal loses from gox closure” for 100 […]

Mt.Gox files for U.S. Bankruptcy Protection

Posted on 10th March, 2014

Mt.Gox officially filed for U.S. Chapter 15 bankruptcy protection. Although Mt.Gox has already filed for bankruptcy in Japan, the U.S. filing will allow for additional cross-border protections under international law. With an outstanding debt of ¥6.5 billion and missing 850,000 BTC belonging to users the world over, the move to protect Mt.Gox’s U.S. assets is […]

Leaked Mt.Gox documents filled with wallet-stealing virus

Posted on 10th March, 2014

Yesterday, hackers gained access to the personal blog of Mt.Gox CEO Mark Karpeles (currently offline), using the space to release over 700 MB of data that appeared to come from the now-shuttered exchange’s internal database. The contents looked damning, hinting that Mt.Gox either had (or at least thought they had) nearly a million BTC in […]

180,000 BTC from Mt.Gox-associated accounts on the move … but by whom?

Posted on 7th March, 2014

While the mainstream media was distracted yesterday with the possible reveal of Satoshi Nakamoto, something massive was brewing in the blockchain. A long-dormant address moved 180,000 BTC (around $113,500,000 at today’s price) to several other addresses, and then those split even further. The initial address has several connections to Mt.Gox, fueling rampant speculation about who […]

Report: Japan weighs Bitcoin tax following Mt.Gox implosion

Posted on 4th March, 2014

It’s hardly surprising that Japanese officials are reexamining their policies towards Bitcoin. Following the half-billion dollar debacle of Tokyo-based exchange Mt.Gox’s downfall, Japan’s official stance on virtual currencies has been placed firmly in the spotlight. According to an AFP wire report, Japan’s finance ministry and the national tax agency are considering new rules, and possibly […]

Mt.Gox offically files for bankruptcy, annouces 850,000 BTC loss

Posted on 28th February, 2014

Mt.Gox CEO Mark Karpeles ended weeks of speculation today, formally announcing at a press conference in Tokyo that his long-troubled Bitcoin exchange will be filing for bankruptcy protection. The filing claims that Mt.Gox has an outstanding debt of ¥6.5 billion, or roughly $63.6 million. Karpeles also confirmed the loss of roughly 750,000 customer Bitcoins, as […]

Japan proposes international Bitcoin regulation

Posted on 27th February, 2014

Responding to questions about the closure of Tokyo-based Mt.Gox, Japan’s Senior Vice Finance Minister Jiro Aichi told reporters that international collaboration would be necessary to regulate the currency. Aichi added that Bitcoin does not fall under his agency’s jurisdiction, as it does not involve coins or notes issued by the Bank of Japan. Under that […]