Mt. Gox Announces Finding of 200K BitcoinsCategory: General News
Posted: March 21, 2014 01:10AM
Recently, one of the largest bitcoin exchanges known as Mt. Gox revealed that it had lost over 744K bitcoins belonging to customers as well as 100K bitcoins of its own. The loss, which was reportedly caused because of a software algorithm flaw, Mt. Gox filed for United States bankruptcy in order to protect itself from lawsuits. The bitcoin exchange has now announced that it has found some of the bitcoins that it claimed it had lost initially. 200K bitcoins were located within an old wallet on March 7, 2014 by Mt. Gox. The found bitcoins have been reported to attorneys and have been moved into an offline storage account for safe keeping.