MtGox discovers $116 million worth of Bitcoins in old wallet March 22, 2014 - 15:43 AMT PanARMENIAN.Net - Troubled Bitcoin exchange MtGox has discovered $116 million worth of the virtual currency inside an old format wallet, Digital Spy said. The funds have been declared to the courts where the company has filed for bankruptcy protection, but will not be enough to save it. MtGox filed for bankruptcy protection in its native Japan after 744,000 Bitcoins - worth around $345 million - were reportedly stolen via a security loophole. It has since taken the same action through the US courts. Following the debacle, CEO Mark Karpeles's personal blog and Reddit account were hacked, resulting in information about the exchange's trading activities being posted online. MtGox's opponents have criticised its latest move, describing its bankruptcy protection filing in the US as a "ruse" in an attempt to divert attention from instances of "massive fraud". MtGox was the world's largest Bitcoin exchange and its recent troubles have seen the virtual currency's value take a dip, with one unit worth around half the price it reached in November 2013. Related links:   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Protesters rally as Georgia debates 'foreign agent' bill  Georgian critics label the bill "the Russian law", comparing it to legislation used by the Kremlin to crack down on dissent.Former Pashinyan envoy urges end to Genocide speculation Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia. |
