Mt. Gox Founder Claims He Lost $50k in Exchange's Collapse

Mt. Gox Founder Claims He Lost $50k in Exchange's Collapse

Jed McCaleb, the original founder of bitcoin exchange Mt. Gox, has said that he lost around $50,000 following the collapse of the exchange. McCaleb pulled out of Mt. Gox and sold the bulk of the company to Mark Karpeles in 2011, but retained a 12% stake. The $50,000, which he indicated was held in an online wallet in USD not bitcoins, was lost when the exchange went bankrupt after an alleged massive hack. In an interview with Ars Technica, McCaleb said he is no longer involved with Mt. Gox, aside from his stake in the company. Minority shareholder. Following his departure form the....


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