Articles about mt gox

Prison

Greek police arrest chap accused of laundering $4bn of Bitcoin

Police in Greece have arrested a Russian national they accuse of running the BTC-e Bitcoin exchange to launder more than US$4bn worth of the cryptocurrency. According to Greek language news outlet the Daily Thess, FBI agents tracked 38-year-old Alexander Vinnik for more than a year before his arrest. Another local outlet, …

'Cops KNOW WHO I AM and I don't believe their hearts were truly in the shootout'

QuoTW It was a week of Firefox flaws, unruly Windows and big game news. Here were our favorite quotes from the past seven days: We may have arrived in the Windows 10 era but over in Wales, IT still parties like it's 2001. NHS systems have been found to still be running the ancient operating system Windows XP on their desktops. …
Team Register, 9 Aug 2015
Stacks of bitcoin CC2.0 attribution by FD Comite https://www.flickr.com/photos/fdecomite/

Bitcoin can't be owned, says Japanese court, as Karpeles sweats in cell

A man seeking repayment for Bitcoin lost in the Mt Gox incident has seen his lawsuit dismissed in a Tokyo District Court, with the judge ruling that the gumblecash is "not subject to ownership" claims. A resident of Kyoto, the plaintiff has stated that he had 458 Bitcoin, contentiously valued at about ¥31m (£160,000), which …

Mt Gox's Mark Karpeles arrested in Japan

French-born Mark Karpeles, head of the failed Mt Gox Bitcoin exchange, has been arrested in Japan. The arrest comes eight months after Japanese police said they were confident the incident that saw most of the Bitcoin held by Mt Gox evaporate was the result of fraudulent transactions. Karpeles had previously claimed the lost …
Bitcoin holding decline

Mt Gox LEAKED Bitcoin for years before heist, says WizSec

WizSec, a Tokyo-based group that's been investigating the Bitcoin thefts that eventually led to the unravelling of Mt Gox, reckons the crypto-currency was going missing from the trading firm long before it collapsed. The group's analysis suggests that the pilfering goes back as far as 2011, leading to a shortfall when Mt Gox …
Bank vault

Cops think Mt Gox meltdown was an 'INSIDE JOB' – report

Nearly all of the funds missing from bankrupt Bitcoin exchange Mt Gox were the result of fraudulent transactions, rather than outside attacks, Japanese authorities have reportedly said. Tokyo's Metropolitan Police Department (MPD) told The Yomiuri Shimbun newspaper on Thursday that no more than around 7,000 of the roughly 650, …
Bitcoins

Bankrupt Bitcoin bunker blender begins: MtGox admin starts liquefaction

The Tokyo District Court-appointed administrator for MtGox has begun formal proceedings to liquify the collapsed Bitcoin exchange. In a letter published on the bankrupt biz's website, lawyer Nobuaki Kobayashi confirmed he will "administer and dispose of the assets" of MtGox. "[I] will implement the bankruptcy proceedings, in …
Jasper Hamill, 24 Apr 2014
Bitcoin bloodbath

Mt Gox's 'transaction malleability' claim rubbished by researchers

By now, we all know the Magic the Gathering Online Exchange says it came undone because of a gap in the Bitcoin protocol called “transaction malleability”. Now, two ETH Zurich researchers have rubbished that claim. In this paper at Arxiv, Christian Decker and Roger Wattenhofer analyse a year's worth of Bitcoin activity to …
Bitcoin bloodbath

Bitcoin bust litigants fling sueballs at Japanese bank

A major Japanese bank has now been swept up in the collapse of Bitcoin trader Mt Gox, with Mizuho Bank named as a defendant in one of the many lawsuits cropping up over the collapse. The bank has been added to a lawsuit against Mt Gox, since by providing services to the former Magic-the-Gathering card trading operation, the …
Bitcoin bloodbath

Mt Gox fielded MASSIVE DDOS attack before collapse

A Japanese newspaper is reporting that during the spectacular collapse of the Mt Gox Bitcoin exchange, the operation's servers were also suffering a large-scale DDOS attack. The Yomiuri Shimbun's English-language Japan News reports that the attacks in early February reached 150,000 DDOS hits per second, “mostly from servers in …

Bitcoin or bust: MtGox files for bankruptcy protection

Ailing Bitcoin exchange MtGox has filed for bankruptcy protection after admitting it did indeed "lose" 750,000 of its customers' Bitcoins along with 1000,000 of its own – together worth about £283m. Lawyers for the digital funny money dealer told Tokyo District Court that MtGox had debt of ¥6.5bn yen (£38.1m, $63.8m). MtGox …
Jasper Hamill, 28 Feb 2014

MtGox boss vows to keep going despite $429 MILLION Bitcoin 'theft'

MtGox CEO Mark Karpeles has broken his silence to insist he has not "given up" on the failed Bitcoin exchange. Speaking as Japanese authorities launched a full investigation into the collapse, Karpeles said walking away “is not a part of how I usually do things”. However, although the CEO indicated he was still at home in …
Jasper Hamill, 26 Feb 2014
Bitcoins

MtGox has VANISHED. So where have all the Bitcoins gone?

Almost one in 10 of the world's Bitcoins disappeared during the collapse of MtGox, it has been claimed. The allegations were made in what was purported to be an "internal MtGox crisis presentation". The sloppily written briefing claimed that 744,408 Bitcoin were stolen over a period of several years. There are currently about …
Jasper Hamill, 25 Feb 2014
The Register breaking news

US cops make 'first ever' Bitcoin seizure following house raid

American cops have made their first ever seizure of Bitcoin after raiding the house of an alleged drug dealer. The Drug Enforcement Administration seized a haul of 11.02 Bitcoins (worth $814.22 at today's rates) from an address in South Carolina on April 12. They were in the possession of a man suspected of dealing drugs using …
Jasper Hamill, 27 Jun 2013
The Register breaking news

Canadian regulators welcome US Bitcoin refugees with open arms

Canadian Bitcoin traders will not be clobbered by laws similar to those being used to target virtual currency exchanges in America, according to a leaked letter from the country's financial investigations unit. The Register has seen a letter from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) which …
Jasper Hamill, 20 May 2013
The Register breaking news

EFF backs away from Bitcoin

The Electronic Frontiers Foundation in the US has decided it will no longer accept donations via Bitcoin. While not itself a member of Bitcoin, the organization had been accepting donations via the currency through an account set up by an anonymous third party. However, only coincidentally following the Bitcoin Mt Gox hack-and …
The Register breaking news

Bitcoin collapses on malicious trade

The fragility of the Bitcoin peer-to-peer crypto-currency has been thrown into sharp relief when a large sell transaction sent the trade value of Bitcoins to zero. According to the Mt Gox exchange, the sell order came from a compromised account. Mt Gox has taken its exchange offline (however, a screen grab of Bitcoins’ …
The Register breaking news

Bitcoin slump follows senators’ threats

As any investment adviser will tell you, it’s a bad idea to put all your eggs in one basket. And if Rick Falkvinge was telling the truth when he said all his savings were now in Bitcoin, he’s been taken down by a third in a day. Following last week’s call by US senators for an investigation into virtual crypto-currency Bitcoin …

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