Bitcoin Turmoil After Mt Gox Exchange ‘Theft’

10 years ago | Posted in: Business | 750 Views

The Bitcoin exchange industry has moved to reassure holders of the virtual currency amid reports 6% of Bitcoins in circulation, worth roughly $375m (£225m), have been stolen.

The once-mighty Mt Gox exchange reportedly lost them in a cyber attack, with an apparent internal document suggesting more than 740,000 Bitcoins are missing.

The Mt Gox website is currently offline with trading suspended and withdrawals have been frozen.

The Tokyo-based exchange has not commented on the claims but its chief, Mark Karpeles, quit the board of the Bitcoin Foundation – an advocate for the virtual currency – on the eve of the shutdown.

He has not been seen in public since and his whereabouts remain unknown but in an email to the news agency Reuters he purportedly said: “We should have an official announcement ready soon-ish.

“We are currently at a turning point for the business. I can’t tell much more for now as this also involves other parties.”… see more

source: skynews

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