28 Feb '14, 12am

Mt. Gox CEO Apparently Confirms Huge Bitcoin Loss

Mt. Gox CEO Apparently Confirms Huge Bitcoin Loss

Bitcoin exchange Mt. Gox went dark on Tuesday without much explanation beyond an unconfirmed and purportedly leaked document (embedded below) that alleged thieves had stolen 744,408 bitcoins worth $380 million from the world's largest exchange and that it could "go bankrupt at any moment." That document, titled "Crisis Strategy Draft," now appears to be genuine, according to none other than Mt. Gox CEO Mark Karpeles himself. Karpeles apparently confirmed that it is "more or less" legitimate earlier this week in an Internet Relay Chat with a self-described adviser to bitcoin investors. Shrouded In Ambiguity See also: The Mt. Gox Implosion Is Bitcoin's First Financial Crisis Like so much news about Mt. Gox, a notoriously tight-lipped, Tokyo-based company, this confirmation is shrouded in ambiguity. Karpeles' online chat allegedly took place two days ago, at 10:39am ET on Tue...

Full article: http://readwrite.com/2014/02/27/mt-gox-bitcoin-loss-theft...

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