Hackers Claim to Publish Evidence of Fraud at BitCoin Exchange Mt.Gox

Bitcoin

Andy Greenberg just did a piece on Forbes with regards to hackers claiming to have hacked the Mt.Gox servers. The recent bankruptcy of the Bitcoin exchange has many up in arms and some are deciding to get answers on their own. Some of the data released and posted on Reddit has already been taken down. Greenberg reached out to disgraced Mt.Gox C.E.O. Mark Karpeles but has yet to get a reply back.

From the article:

The Bitcoin community has been angrily pressing for details on what the Bitcoin exchange Mt. Gox has described as a massive hacker attack that stole hundreds of millions of dollars worth of its users’ bitcoins and left the company bankrupt. Mt. Gox’s staff isn’t talking. So another group of hackers say they’ve broken into the company’s servers to provide answers of their own.

On Sunday, hackers took over the Reddit account and personal blog of Mark Karpeles, Mt. Gox’s CEO, to post an angry screed alleging that the exchange he ran had actually kept at least some of the bitcoins that the company had said were stolen from users. “It’s time that MTGOX got the bitcoin communities wrath instead of [the] Bitcoin Community getting Goxed,” wrote the unidentified hackers, referring to the multiple occasions over its three year history when Mt. Gox has gone offline, delayed trades or suspended withdrawals, events so common that Bitcoin users coined the phrase to be “goxed”–to suffer from Mt. Gox’s technical glitches.

Read the full article here

Comments

  1. says

    I’ve spent some time reading quite a few of the documents that were made available. All of them are rather interesting. It definitely shows that Mt. Gox, still has the Bitcoins.

  2. says

    Most experienced Bitcoiners got their funds out of Mt. Gox many months ago when US withdrawals stopped. First rule of Bitcoin investing, never leave funds at an exchange except when making trades. Maintain offline, cold wallet storage with offsite backups.

    Before getting involved in Bitcoin you must realize that it is composed of a very strange and complicated underworld and you have to know what is going on if you invest any substantial amount. Anyone who lost funds with Mt. Gox either did not know what they were doing or were playing a very high risk gamble.

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