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March 21, 2014

Mt. Gox apparently found 200,000 Bitcoin in an old wallet, should check its pockets

by John_A

In a bit of news that’s familiar to anyone who ever put on an old jacket and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a fortuitous discovery. The company’s bankruptcy lawyer announced in Japan that it apparently found 200,000 Bitcoin (worth nearly $116 million at the moment) found in a wallet from 2011 that it no longer used. That’s less than a quarter of the 850,000 Bitcoins CEO Mark Karpeles reported were missing, but at the moment, at least it’s something. The mystery of what happened to Mt. Gox’s funds is still far from solved, but between this news and reports of updated balances for account holders, it seems possible that there’s something to be recovered from the shuttered exchange. Next up, removing all of the cushions from the sofa and pulling it away from the wall.

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Source: Yahoo Japan, Wall Street Journal, Coindesk

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