Plummet: Mt.Gox Bitcoin value drops below $250, may be hacked

Home » Plummet: Mt.Gox Bitcoin value drops below $250, may be hacked

bitcoin-wall4Bitcoin values at troubled Tokyo-based Bitcoin exchange plunged below $250 today, well under the $620 average seen on most other exchanges this morning. Given the rough week that Mt.Gox has had, the exact cause behind the latest price drop is difficult to pinpoint.

One strong candidate, however, is the growing rumor that Mt.Gox itself was hacked late last night, with reports flooding into the Bitcoin subreddit that many users had gotten automated emails claiming their accounts had been activated from IP addresses in China.

Mt.Gox has yet to address these rumors. Given the rough week the exchange has already had, it wouldn’t be surprising if they were a little slow to answer. They’ve been declared “dead” or “dying” by much of the Bitcoin press. Their decision to freeze withdrawals has prompted very public protests in front of their offices. They are the highest-profile “victim” of the transaction malleability bug, and have yet to restore service even though the same glitch only halted trades on BitStamp for a brief time.

At each step along the way, trading at Mt.Gox has fallen further out of step with prices at other exchanges. For a brief window today, Mt.Gox-held Bitcoins were trading nearly $400 less than anywhere else.

More on the situation as it develops.

New Casinos

Get 180 free spins and up to 5 BTC in bonuses

CasinoMax: 325% match bonus up to $9750 + 25 bonus spins for 7 consecutive days

400% welcome bonus up to $8000. 40x wagering requirement is required prior to your first withdrawl

Great Welcome Slot Bonus!

Claim a HUGE 500% deposit bonus with no maximum with Crypto

use code WELCOME 200 and get up to $10,000 + 100 Free Spins!

© Copyright 2023 The Best Crypto and Bitcoin Casinos and Sports Betting Sites | Bitcoinx
Powered by WordPress | Mercury Theme