Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Other Stuff

 

Mt. Gox discovered 200,000 Bitcoin in a wallet as old as 2011

Turns out finding money in one’s old wallet or pockets brings the greatest joy, especially if its $116 million worth of Bitcoin.

Mar 21 2014, 12:38pm CDT | by

2 Updates
Mt. Gox discovered 200,000 Bitcoin in a wallet as old as 2011
 
 

YouTube Videos Comments

Full Story

Mt. Gox discovered 200,000 Bitcoin in a wallet as old as 2011

Bitcoin exchange Mt.Gox made a quite lucky discovery when 200,000 Bitcoin were discovered in an old wallet. The firm announced this great marvel at Japan including the fact that the wallet it was found in was last used 3 years back.

The CEO of the company, Mark Karpeles reported that this accounted for around 25% of the Bitcoins that went missing, the total being 850,000 in number. As reported by the company the coins were transferred to online wallets on the 7th of March, after which on the 14th and the 15th they were transferred to offline ones.

Whatever happened to Mt.Gox’s missing funds is still unknown, however this provides evidence that the funds may be found where they are least expected to be placed.

Source: Yahoo Japan Wall Street Journal Coindesk Mt. Gox (PDF)

 

 

 

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 2

Mt.Gox Trustee Leaves Door Open For Revival Of Defunct Bitcoin Exchange

Source: bidness etc

In February, this year, the world saw the biggest bitcoin exchange platform, Mt.Gox file for bankruptcy, which led to around 850,000 bitcoins - worth almost $474 million at the time - going missing. The company claimed that the loss was due to hackers and later found around 200,000 bitcoins in an old-format wallet. Due to the bankruptcy filing, the trustee (Nobuaki Kobayashi) overseeing whatever rem ...
Source: bidness etc   Full article at: bidness etc 4 days ago, 1:40pm CDT
 


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

Comments

blog comments powered by Disqus

Latest stories

OkCupid&#039;s Christian Rudder Defends &#039;&#039;Experiments On Human Beings&#039;
OkCupid's Christian Rudder Defends ''Experiments On Human Beings'
Not shocking to many that OkCupid experiments on their users, but the lack of awareness by co-founder Christian Rudder is a little boggling.
 
 
Johnny Manziel Heisman Jersey to Reach $100K
Johnny Manziel Heisman Jersey to Reach $100K
A Johnny Manziel Texas A&M Aggies jersey which the quarterback wore during his 2012 Heisman Trophy-winning season is expected to reach a value of $100,000 in
 
 
Freddie Prinze Jr Calls &#039;24&#039; Star Kiefer Sutherland &#039;Unprofessional&#039;, Former Colleagues Respond
Freddie Prinze Jr Calls '24' Star Kiefer Sutherland 'Unprofessional', Former Colleagues Respond
Over the weekend at San Diego Comic-Con, Freddie Prinze Jr called '24' action star, Kiefer Sutherland, "unprofessional" while putting the man on blast for being short. Sutherland, Fox officials, and former 24 actors respond.
 
 
Detroit Lions Put Off Contract Talks with Ndamukong Suh
Detroit Lions Put Off Contract Talks with Ndamukong Suh
The Detroit Lions decided to put off contract talks with controversial defensive tackle Ndamukong Suh until after the 2014 NFL season.
 
 
 

About the Geek Mind


Read more about The Geek Mind.