21 Mar '14, 6am

Mt.Gox finds 200,000 bitcoins in old wallet

A protester outside Mt.Gox headquarters in Tokyo. HONG KONG (CNNMoney) Embattled exchange Mt.Gox said Friday that it has found 200,000 bitcoins in a "forgotten" digital wallet -- a haul worth $116 million at current prices. Mt.Gox CEO Mark Karpeles said in a statement that the bitcoins had been uncovered in an old-format wallet that was thought to be empty. Bitcoin wallets allow users to store the digital currency and execute transactions. "On March 7, 2014, Mt.Gox Co., Ltd. confirmed that an old-format wallet which was used prior to June 2011 held a balance of approximately 200,000 BTC," the statement said. Karpeles said that the discovery was reported to lawyers on March 8. The bitcoins were later moved to "offline" wallets. Mt.Gox was one of the world's largest Bitcoin exchanges until last month, when it stopped investors from withdrawing money and blamed the disruption...

Full article: http://money.cnn.com/2014/03/21/technology/mt-gox-missing...

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Mt.Gox finds 200,000 bitcoins in old wallet

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