21 Mar '14, 1pm

Mt. Gox Finds 200,000 Forgotten Bitcoins in Old Wallet: Mt. Gox, the troubled Bitcoin exchange, claims it has

Mt. Gox Finds 200,000 Forgotten Bitcoins in Old Wallet: Mt. Gox, the troubled Bitcoin exchange, claims it has

Mt. Gox, the troubled Bitcoin exchange, claims it has found 200,000 bitcoins that it had "forgotten" about. The Tokyo-based Mt. Gox, which is now under bankruptcy protection, announced the find on its website . Mark Kapeles, the head of the exchange, said the cache was found March 7. The bitcoins — worth about $118 million at the time of writing — were stored in an "old format wallet which was used prior to June 2011," according to the company. See also: A Complete, Interactive History of Bitcoin Mt. Gox moved the bitcoins offline on March 14-15 "for security reasons." Members of the Bitcoin community were skeptical about the announcement. "Classic scam — claim everything is gone, then make people relieved when you give them back a small percentage of what they lost," one Redditor, Logical , wrote. "Translation: [Karpeles] thought he would be protected if he went 'bankrupt...

Full article: http://mashable.com/2014/03/21/mt-gox-found-bitcoins/

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