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Mt. Gox finally tells its side of the story after $500 million in Bitcoin vanishes

03
Mar
2014

Those who follow virtual currency Bitcoin with even the slightest interest have no doubt read of the major breach and subsequent bankruptcy filing of Mt. Gox, formerly the world’s largest Bitcoin exchange. The Tokyo-based company had been eerily silent over the past few weeks as customers continued to panic as their investments in Bitcoin, some worth millions, had vanished;  Mt. Gox went offline some time ago, and rumors of a breach began to swirl immediately. Now, the company has confirmed that more than $500 million worth of Bitcoins were lost in a major heist that completely wiped out the exchange, and it gave a loose explanation of how it thinks the monumental robbery occurred. In a nutshell, Mt. Gox’s statement

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