The Mt. Gox Bitcoin Mystery Deepens


Mt. Gox, once the world’s largest exchange for the decentralized virtual currency, filed for bankruptcy protection in February 2014, when it came to light that 850,000 bitcoins, worth $450 million at the time, had disappeared or been stolen by hackers. Mt. Gox said it also lost $27 million in cash. To date, 650,000 bitcoins, currently worth over $100 million, remain unaccounted for. And while French CEO Mark Karpeles is facing several criminal charges, none of them deal directly with the missing money. Case not solved. So who took the haul? No one may ever know, unless Karpeles knows—and comes clean.

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