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Mt Gox News

The shadiest tale in bitcoin just got even shadier

March 21st, 2014

Who would have thought that people would run into problems when a former hub for swapping “Magic: The Gathering” trading cards became the largest bitcoin exchange in the world? The Wall Street Journal on Thursday evening reported that Mt. Gox has found 200,000 missing bitcoins. The news comes nearly a month after the exchange’s loss …

Mt. Gox Fraud

Hackers call Mt. Gox CEO a liar, say he still controls ‘stolen’ bitcoin

March 10th, 2014

Anonymous hackers on Sunday claimed to have published evidence that Mt. Gox CEO Mark Karpeles lied about the theft of more than $500 million worth of bitcoin. According to the hackers, Karpeles still controls all of the cryptocurrency he says was stolen recently in the biggest heist of bitcoin’s brief history. Mt. Gox was the world’s …

Alleged Bitcoin Inventor Satoshi Nakamoto

Supposed Bitcoin founder denies any knowledge of Bitcoin

March 7th, 2014

Did Newsweek pick the wrong guy for its big Bitcoin exposé? In an interview with The Associated Press, 64-year-old Temple City, Calif. resident Satoshi Nakamoto has denied that he ever heard of Bitcoin until his son mentioned it three weeks ago after getting a call from Newsweek. Nakamoto admitted that Newsweek got several details of his …

Bitcoin Inventor Satoshi Nakamoto Found

This could very well be the man who really created Bitcoin

March 6th, 2014

According to Bitcoin lore, the cryptocurrency got its humble beginnings in a white paper called “Bitcoin: A Peer-to-Peer Electronic Cash System” written by a man calling himself Satoshi Nakamoto. For years, though, no one knew Nakamoto’s actual whereabouts or even if he really existed at all… until now. Newsweek has done some impressive detective work …

Why Did Mt. Gox Collapse

Are Bitcoin exchanges just Nigerian scam emails for gullible nerds?

March 3rd, 2014

The next time the deposed prince of Nigeria has a massive inheritance to send you, will he offer to give it to you in Bitcoins? Cornell associate computer science professor Emin Gün Sirer has written a lengthy post that details why we shouldn’t believe bankrupt Bitcoin exchange Mt. Gox’s official explanations for how it lost nearly …

Mt. Gox Bankrupt Bitcoin

The failure is complete: One-time Bitcoin king Mt. Gox is bankrupt

February 28th, 2014

Who would thought that a former online Magic Card market wouldn’t be a safe place to invest your money? The Wall Street Journal reports that Mt. Gox, which until last week had been the world’s largest Bitcoin exchange, has filed for bankruptcy. Mt. Gox admitted on Friday that it had lost around 750,000 of its …

Mt. Gox Bitcoin Fraud

Why Bitcoin owners should expect to get ripped off again and again

February 27th, 2014

This has been a rough week for many Bitcoin owners who have lost substantial amounts of money due to the collapse of Mt. Gox, which had been the world’s largest Bitcoin exchange. However, Bitcoin owners who escaped the fraud that took down Mt. Gox shouldn’t rest too easy: This is likely just the end of …

Yahoo Malware Bitcoin Mining

Yahoo ad malware hijacked computers for Bitcoin mining

January 9th, 2014

A few days before CES 2014, security researchers discovered that Yahoo was unknowingly distributing malware via the ads displayed on its home page, with as many as 2 million European users at risk of having been infected in the four days hackers exploited holes in the company’s Java-based ad network. Some of the affected computers …

Ransomware Bitcoins Payment Malware Infection

Ransomware demands $300 in Bitcoins to release your data

October 18th, 2013

If you’ve never encountered ransomware, consider yourself lucky. Ransomware is malware that completely locks down your computer and threatens to corrupt or destroy your files unless you pay a fine. In the past, there have been relatively simple workarounds to remove ransomware from your computer, but Ars Technica shares the stories of those who came face …