Police: Unlikely Hackers Stole Mt.Gox Bitcoins
Japan’s leading English newspaper, The Japan News, is reporting that their sources in Metropolitan Police Department say only 1% of the 650,000 Mt.Gox bitcoins were lost to hacking and that the remaining 99% were lost due to fraud. Former Mt.Gox CEO and only employee, Mark Karpeles, has kept up the story that the coins were stolen because of a bug in the bitcoin’s code called transaction malleability. The bug allowed attackers to change the transaction ID and act as if they never received the transaction. Karpeles has maintain that attackers used this temporary flaw to drain the exchange....
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Mt. Gox rose again today to announce it is now working with Japanese police to investigate what happened to the bitcoins it lost, misplaced, or had stolen by hackers. The statement, posted on the homepage on letterhead bearing CEO Mark Karpeles' name, said: Following its application for commencement of civil rehabilitation, MtGox Co., Ltd. consulted with the metropolitan police department with regard to the disappearance of bitcoins which is one of the causes for said application. MtGox Co., Ltd. hereby announces that it has submitted necessary electronic records and other related....