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It's been about ten months since the Mt. Gox bitcoin exchange turned out the lights, blaming hackers or a bug in the blockchain as reasons why 850,000 bitcoin it held had suddenly disappeared. Today the Japanese paper Yomiuri Shinbun (English) reports that Tokyo Police investigating the events hav...

1 month ago 0 Comments
January 1, 2015 at 12:23AM
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First, one of the world's largest Bitcoin exchanges went dark, then it filed for bankruptcy, suffered further hacking attacks and even faced a lawsuit. Now Mark Karpelès, Mt. Gox's CEO, tells the Wall Street Journal that he's liquidating what's left of the company assets to make ends meet. ...

7 months ago 0 Comments
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The Mt. Gox Bitcoin exchange may still be reeling from the botnet discovery that ruined its business, but it just got a big reprieve. A US court has approved Mt. Gox's Chapter 15 bankruptcy protection, preventing creditors who sued the company from seizing any American assets (including servers) o...

7 months ago 0 Comments
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While Bitcoin tries to go mainstream, many supporters still celebrate its "anarchist spirit" -- but certainly not the FBI. According to the WSJ, they're probing the now-collapsed Mt. Gox exchange and several others in connection to Silk road, the notorious former drug marketplace. Authorities rece...

8 months ago 0 Comments
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Remember how the discovery of a botnet took much of the value out of the Mt. Gox Bitcoin exchange, leading it to declare bankruptcy? Yeah, investors aren't happy about that -- and they're now demanding compensation. One of them, Gregory Greene, has filed a lawsuit accusing the exchange of fraud fo...

11 months ago 0 Comments
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While the Bitcoin market is advancing toward legitimacy in the financial world, that also means closer legal scrutiny -- and the Mt. Gox exchange is tightening its policies to match. As of today, the institution requires verification for every non-Bitcoin deposit or withdrawal. The move keeps Mt. ...

1 year ago 0 Comments