Exactly how does this happen? Sheer incompetence, that’s how. Today I read that Mt. Gox discovered an “old” wallet with 200,000 bitcoins in it. What the ever living…are you kidding me?
From CNN:
“On March 7, 2014, Mt.Gox Co., Ltd. confirmed that an old-format wallet which was used prior to June 2011 held a balance of approximately 200,000 BTC,” the statement said.
Karpeles said that the discovery was reported to lawyers on March 8. The bitcoins were later moved to “offline” wallets.
I’m sorry but, how in the hell do bitcoin supporters expect to be taken seriously when major exchanges can’t even do the basics? This isn’t a viable alternative as a currency at this point. I’d like to say anything to the contrary as I think that this is a good idea overall but, holy crap, this is just sad.
Mt. Gox filed for bankruptcy soon after it stopped all trading and the website mysteriously went dark. I still am of an opinion that there is some serious shenanigans afoot here. I imagine that the US attorney feels the same way as they have opened an investigation into the dealings of the exchange.
I wonder how many bitcoin wallets will magically reappear?
Article: Link
