21 Mar '14, 5pm

Whoops! Failed Exchange Mt. Gox Finds 200,000 Bitcoins In 'Forgotten' Wallet

Failed bitcoin exchange Mt. Gox said it found 200,000 bitcoins on March 7 in a “forgotten” wallet the company thought no longer held bitcoin. Mt. Gox said in a statement the bitcoins were discovered in an “old-format” wallet used prior to 2011. The company allegedly found the wallet one week after Mt. Gox filed for bankruptcy protection because it allegedly lost bitcoin deposits worth $380 million. See also: Bitcoin Exchange Mt. Gox Files For Bankruptcy Protection According to Reuters , Mt. Gox acknowledged finding the bitcoins only after a U.S. judge in Chicago overseeing a class-action lawsuit against Mt. Gox allowed the exchange’s bitcoins to be tracked. In an email to Reuters, the lawyer for the plaintiff in that case said he had been previously monitoring the bitcoins, and Mt. Gox decided to come forward only after realizing they had been tracked. Today in court we go...

Full article: http://readwrite.com/2014/03/21/mt-gox-forgotten-wallet-f...

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