Mt. Gox Discovered 200,000 Bitcoin In A Wallet As Old As 2011

Posted: Mar 21 2014, 12:38pm CDT | by , in Other Stuff


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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.

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)

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<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.




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