Monday, 5 January 2015

Mt. Gox losses likely 99% fraud

Mt. Gox losses likely 99% fraud


About 99 percent of the bitcoins that disappeared from a virtual currency transaction system operated by Mt. Gox may have vanished due to fraudulent transactions, not from cyber-attacks as the company initially claimed, The Yomiuri Shimbun has learned. The Metropolitan Police Department has been investigating the case in which about 650,000 bitcoins — worth about ¥24.7 billion as of Wednesday — went missing from Mt. Gox’s online exchange system...

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