Report suggests transaction malleability did not bankrupt MtGox Did MtGox truly fall due to transaction malleability? According to a report by researchers at ETH Zurich University in Switzerland, transaction malleability may only account for an insignificant 386 bitcoins lost by MtGox. Christian Decker and Professor Roger Wattenhofer, both from the university’s Distributed Computing Group (DCG) Continue reading “Report suggests transaction malleability did not bankrupt MtGox”
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Vircurex halts withdrawals and freezes accounts
Vircurex halts withdrawals and freezes accounts Beijing-based Bitcoin and altcoin exchange Vircurex has made an announcement that they have stopped withdrawals for Bitcoin (BTC), Litecoin (LTC), Feathercoin (FTC) and Terracoin (TRC). All incoming deposits will also not be credited at the time being. On March 24th the exchange will freeze the current BTC, LTC, FTC Continue reading “Vircurex halts withdrawals and freezes accounts”
US lawyers not convinced with MtGox wallet discovery
US lawyers not convinced with MtGox wallet discovery Tokyo-based now-defunct exchange MtGox announced yesterday that it has found an old format Bitcoin wallet containing 200,000 Bitcoins ($111 million at press time) presumably lost due to a security flaw in their software. This amounts to roughly 23 percent of total Bitcoins reportedly lost. However, Chris Continue reading “US lawyers not convinced with MtGox wallet discovery”
MtGox still in possession of 200,000 Bitcoins
MtGox still in possession of 200,000 Bitcoins Troubled and now-defunct Japan-based exchange MtGox released a PDF in Japanese and English indicating that 200,000 Bitcoins were recovered. The 200,000 Bitcoins would roughly sum to around 23 percent of the total fund presumably lost by the company as claimed in their civil rehabilitation proceedings. As reported Continue reading “MtGox still in possession of 200,000 Bitcoins”
MtGox login page is back and let users check their Bitcoin balance
MtGox login page is back and let users check their Bitcoin balance Now defunct Bitcoin exchange MtGox updated their website earlier today and let users login to check their wallet’s balance. But that’s apparently all the troubled digital wallet service will allow for now. The login form is also accompanied with the following statement: Continue reading “MtGox login page is back and let users check their Bitcoin balance”
Japanese Bank Mizuho added as defendant in MtGox lawsuits
Japanese Bank Mizuho added as defendant in MtGox lawsuits U.S. lawsuits against now-defunct Bitcoin exchange, MtGox has added one of Japan’s three largest banks, Mizuho Bank Ltd as a defendant. The suit accused MtGox for defrauding customers and Mizuho has aided by providing banking services and allowing the troubled exchange to continue defrauding its customers. Continue reading “Japanese Bank Mizuho added as defendant in MtGox lawsuits”
MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal
MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal A Japanese newspaper is reporting that MtGox Bitcoin exchange faced a massive DDOS attack for several days ahead of its spectacular collapse. The Japan News by Yomiuri Shimbun reports that the attacks faced by MtGox beginning from February 7, reached 150,000 denial-of-service Continue reading “MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal”
MtGox loses over $400 Million worth of Bitcoin, Files for Bankruptcy Protection
MtGox loses over $400 Million worth of Bitcoin, Files for Bankruptcy Protection With the recent events unfolding, Tokyo-based Bitcoin exchange, MtGox is officially filing bankruptcy protection on Friday in Japan with an outstanding debt of ¥6.5 billion (or $63.6 million USD). CEO Mark Karpeles which was not been seen in public for several days has Continue reading “MtGox loses over $400 Million worth of Bitcoin, Files for Bankruptcy Protection”
MtGox being investigated in Japan and received US subpoena
MtGox being investigated in Japan and received US subpoena CEO of MtGox, Mark Karpeles issued a short statement on Wednesday to reassure the public that he is still in Japan and has not absconded with millions of dollars of users’ Bitcoins. On the main page of what is remaining of the once biggest Bitcoin exchange Continue reading “MtGox being investigated in Japan and received US subpoena”
MtGox Trading Halted, Website Offline
MtGox Trading Halted, Website Offline Trading at the Tokyo-based MtGox was halted, and the fact that the website itself is offline spells doom. It is a known fact that MtGox has been sick for a long time. MtGox Problem MtGox users were experiencing major lag in withdrawals last year, and there are news that Continue reading “MtGox Trading Halted, Website Offline”