Tag Archives: Mt Gox

The former CEO of Mt Gox, Mark Karpelès has been officially charged with embezzlement by Japanese prosecutors. The former head of the Mt Gox Bitcoin exchange is said to have embezzled ¥321 million or £1.7 million. The exchange itself fell apart in 2014 after hundreds of thousands of Bitcoins disappeared …

Along with the claims of Silk Road founder, Ross Ulbricht's defence team that he was the real Dread Pirate Roberts, Mt. Gox's old CEO, Mark Karpeles has been linked with the disappearance of hundreds of thousands of bitcoins worth many tens of millions and it looks like enough evidence has …

The closure of Mt Gox was one of the biggest bitcoin related stories of 2014, despite it taking place early in the year. However, it's now come to light that despite being one of the world's prominent bitcoin exchanges and depositories, it was in-fact insolvent for a long time before …

The defence of Ross Ulbricht during his ongoing court case for owning and operating the Tor accessible drug marketplace, Silk Road, was dealt a blow yesterday, when evidence from an agent with the department of homeland security (DHS) that claimed Ulbricht was a fall guy, was ruled inadmissible by the …

The case of the alleged Silk Road founder, Ross Ulbricht, took an interesting turn today, as the defence began cross-examining department of homeland security (DHS) investigator, Jared Der-Yeghiayan, who said under questioning that he had also investigated the last-owner of the Mt Gox. Bitcoin exchange, Mark Karpeles. He went on to claim …

Japanese bitcoin exchange, Mt. Gox, has recently found 200,000 of its 850,000 missing bitcoins in an old un-used wallet from 2011. The wallet is currently worth around $116 million USD, which amounts to £70 million. The firm is still missing 650,000 coins though and has still yet to explain where …

Hackers have claimed to have accessed and leaked the Mt. Gox database showing that there should be a 915k Bitcoin balance left in the exchange. The hackers also hit Mt. Gox CEO, Mark Karpeles' personal blog and Reddit account in an effort to investigate allegations of fraud after the exchange lost …

Mt Gox, one of the world's longest running and most respected bitcoin exchanges disappeared from the web last week, with a single message replacing its usual bustling site and all its tweets deleted. Now we know that the site has gone belly up, but why? Mostly because it lost over …

After the strange demise of bitcoin exchange Mt. Gox, Japanese authorities have pledged to investigate what happened to its business and the funds of its customers, many of whom lost hundreds and thousands of pounds worth of the digital currency when first Gox halted all withdrawals and finally shut down …

Update: Mt Gox has now posted a message on its site that reads: Dear MtGox Customers, In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site …

Bitcoin value has always been susceptible to violent jumps and dips in its value, famously crashing from $30 to $3 back in 2012, then shooting up to $200 and then $1200 in 2013. More recently however, with fallout from Mt Gox, one of the world's longest running exchanges, we've seen …

The value of bitcoins over the past year has been an interesting ride to watch, since it ballooned in just ten months from around $30 per coin, to a massive $1,200 at one point. Since then it's cruised at around the $950 mark but most recently, it's tumbled spectacularly after …

Remember when Bitcoin boomed and crashed earlier this year? Me and every other talking head out there was comparing it to the Dotcom bubble and its eventual bursting, suggesting that if it were to ever to return to pre-crash levels, it would take years. Apparently not, as today we're looking …

Bitcoin is a brilliantly anonymous currency. Once its yours, you can do what you like with it and it's very difficult for anyone to track that down – you know, like cash. However one of the problems with it is that with mining becoming an unprofitable venture for all those …

We've been reporting on Bitcoin's value explosion over the past couple of months, but for the past few days it's been tumultuous at best. Yesterday saw the highest Bitcoin value ever, topping out at around $266 per Bitcoin, but this was the final slog in Bitcoin's uphill sprint as it quickly tumbled …