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Mt. Gox

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 …

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 …