$113 Million 'Mt Gox' bitcoins may be moving through blockchain

$113 Million 'Mt Gox' bitcoins may be moving through blockchain

Mark Karpelès. Movements from Mt Gox? Since Mt Gox spectacularly applied for bankruptcy protection, leaving an estimated half a billion dollars of a hole behind it, there have been people asking a number of questions. What exactly was happening? Where did the missing bitcoins go? Can they ever be recovered? Many people have been trying to trace transactions to and from Mt Gox in order to get answers to these questions. It is alleged that Mark Karpeles, on June 23rd 2011, when Mt Gox was still soaring, set out to demonstrate that Mt Gox actually owned a large numbers of coins. He sent....


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$113 Million in Gox Bitcoins Believed To Be Moving Through Blockchain

Large amounts of bitcoins previously handled by Mt Gox, which have lain dormant for years, have started moving on the block chain. Since the exchange blew up at the end of last month, people have been wondering where the stolen coins went, and have tried to trace some movements between Gox addresses. One participant on the bitcoin talk forum recalled an IRC conversation between Gox CEO Mark Karpeles and various users, which allegedly took place on June 23, 2011. During their conversation, Karpeles (a.k.a. MagicalTux) offered to demonstrate that the exchange owned large numbers of coins, by....

Argo Blockchain Buys 172.5 Bitcoins as Reserve Asset, Monthly Revenue Soars 52%

Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in December. ● Argo did not reveal how much it spent buying the reserve BTC, but bitcoin prices during the last half of January oscillated between $30,000 and $38,500. The company said it now holds the equivalent of 501 in....

Mt. Gox creditors demand payment - In bitcoins

Ben McLannahan, writing in today's Financial Times, is reporting that Mt Gox creditors in Tokyo have demanded payments to them be paid in the form of bitcoins rather than cash. Mt Gox was once the largest online exchange but went offline in February of this year and revealed, or more accurately claimed that it had 'lost' 750,000 of its clients bitcoins as well as 100,000 of its own. Gox later claimed to have 'discovered' 200,000 lying around in an old digital file. In March of this year I wrote that $113 Million of bitcoins may be moving through the blockchain, and many of Mt Gox's....

Mt gox 'Discovery': US Lawyers not convinced.

Mt gox's announcement, yesterday, that it had 'Discovered' an old format wallet containing almost twenty-five percent of the missing bitcoins is being viewed as highly suspect. The bankrupt exchange has found the missing coins at a time when many are paying careful attention to blockchain transactions. Indeed I wrote on this myself on March 9th in an article entitled “$113 Million of missing bitcoins may be moving through blockchain.” Mt gox has announced that they immediately informed the relevant authorities of the substantial recovery, however, one man isn’t quite buying their story.....

Who has/had the Most Bitcoins, Was It Silk Road? Maybe Not

How many bitcoins have been mined so far? How many bitcoins did the FBI seize during the Silk Road investigation? Where did all those bitcoins go? Who has the most number of bitcoins in the world? These are some of the questions that are bound to be asked at one time or another, unless you have already asked that to yourself. Starting with, How many bitcoins have been mined so far? To give you the statistics, out of the total 21 million bitcoins to be mined, over 14.75 million bitcoins are already mined. The total number of bitcoins mined so far can be found at this link. Time for the next....