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Bitcoin History Part 17: That Time Mt. Gox Destroyed 2,609 BTC

[Sep 21, 2019 3:30 AM] Technically speaking, it’s impossible to destroy bitcoins. But it is possible to send coins to an unspendable address, rendering them redundant to all intents and purposes. In October 2011, that’s exactly what Mark Karpeles did when he…

Bitcoin History Part 16: The First Mt. Gox Hack

[Aug 25, 2019 2:10 AM] No one remembers the first Mt. Gox hack. It was a small sum, even by 2011’s standards, and the exchange reimbursed all users. The incident was to prove significant, however, for it set in motion a string of attacks on other bitcoin platforms…

Former Mt Gox CEO Mark Karpeles Announces New Blockchain Startup

[Jun 5, 2019 8:20 PM] Former Mt. Gox CEO Mark Karpeles is dipping his feet back into the crypto industry as he wants to help Japan become a powerhouse within the blockchain economy. The former CEO of the now-defunct exchange told the media on June 5 about his new…

Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

[May 24, 2019 3:13 PM] Ever since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s…

Mt. Gox Creditors Have a Second Chance to Appeal Claim Decisions

[Apr 5, 2019 4:40 PM] According to the official Mt. Gox website, creditors of the now defunct bitcoin exchange have one last chance to dispute their claims. The civil rehabilitation trustee, Nobuaki Kobayashi, has also explained the details surrounding the court’s…