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Home Enterprise

Mt. Gox Discovered Some of The Missing Bitcoins, Worth More Than RM 380 Million

by Chief Chapree
March 21, 2014
Bitcoins Worth $7.5 Million is Buried in a Dumpster in the UK
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Mt. Gox CEO, Mark Karpeles

Few weeks ago, Mt. Gox – one of the most well-known Bitcoin exchange – files for bankruptcy in Japan after admitting that Bitcoins worth more than RM 1.5 billion were allegedly “stolen” from them over the past few years. Fast forward to today, the company announced that it has found around 200,000 Bitcoins…somehow.

Worth slightly more than USD 115 million (RM 380 million), the 200,000 Bitcoins were discovered in an old wallet that is not in use by the company any more and thought to be empty. While 200,000 might sounds a lot, let’s not forget that Mt. Gox lost 850,000 Bitcoins in total. That means there are 650,000 Bitcoins still missing out there or already ended up in someone’s wallet.

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For now, it is not known if Mt Gox will distribute these newly discovered Bitcoins back to its customers. After all, that amount is still too little as compared to the total number of Bitcoins that have been stolen from Mt Gox. Then again, today’s announcement has also stated that the reason behind the Bitcoins disappearances and the exact number of missing Bitcoins are still being investigated.

Hence, the figures above might change depending on the outcome of the on-going investigation.

[Source: Mt. Gox via The Verge]

Tags: BitcoinBitcoin Exchangebitcoin exchange closurebitcoin theftMt Goxmt gox closure
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