Tag: MtGox
Two popular Dogecoin and Bitcoin exchanges have allegedly been robbed by their CEO — a known con-artist — resulting in a MtGox’ian-collapse and customers being left empty-handed. The CEO of Moolah, Alex Green, who was declared responsible for “The Death of Dogecoin,” has been revealed as con-man Ryan Kennedy. Reportedly, 3,700 Bitcoin (~$1,480,000 at time […]
The US Marshals have announced an open auction of around 30,000 Silk Road bitcoins they hold, at time of writing around $18 million. One of the biggest fears of Bitcoiners is that the mountains of coins held by the US and Japanese governments, from their investigations of Silk Road and Mt.Gox respectively, will be dumped onto the […]
Mtgox, or Magic the Gathering: Online Exchange — formerly the world’s largest and oldest Bitcoin exchange — has been denied bankruptcy protection by a Tokyo court, and will now apply for liquidation said its court appointed administrator Wednesday. Mtgox had been trying for civil rehabilitation — a structured means of paying off creditors while keeping […]
Everyone has heard about the epic MtGox collapse and its subsequent bankruptcy. The alleged hackers made off with hundreds of thousands of bitcoins, worth hundreds of millions of dollars, because MtGox failed to verify transactions against the public ledger, allowing multiple withdrawals. This isn’t an isolated incident. The entire history of Bitcoin Exchanges has been […]
The troubled Bitcoin exchange MtGox has announced that it “found” 200,000 bitcoins, which at time of writing is worth over $114 million. There has been no announcement yet that creditors are to be compensated with this discovery. Long story short: “Sorry, about losing your 800,000 bitcoins, but hey, we forgot we left a quarter of it lying around. Aren’t […]
The MtGox Bitcoin Exchange is dead. Their website is a “sorry we’re closed” message. Yesterday they deleted all their tweets. Their old office is empty and their new office is a virtual office — a PO Box with a secretary. The sudden collapse of MtGox has left MtGox investors with nothing and cost 15% for investors on other exchanges in […]
