Last week, hackers released a variety of potentially damaging internal Mt.Gox databases as well as a wallet-stealing virus disguised as a search tool. The hackers also claimed to have over 20 GB of Mt.Gox user data which they planned to sell “one or two times to make up personal loses from gox closure” for 100…
Mt.Gox officially filed for U.S. Chapter 15 bankruptcy protection. Although Mt.Gox has already filed for bankruptcy in Japan, the U.S. filing will allow for additional cross-border protections under international law. With an outstanding debt of ¥6.5 billion and missing 850,000 BTC belonging to users the world over, the move to protect Mt.Gox’s U.S. assets is…
Back in November, the Bitcoin community was electrified when at 194,993 BTC transaction was identified on the blockchain, representing about $147 million at the time. Since that time, speculation about what the shift was and why it happened has been rampant, with theories ranging from Richard Branson consolidating his newly revealed wallet to a return…
Yesterday, hackers gained access to the personal blog of Mt.Gox CEO Mark Karpeles (currently offline), using the space to release over 700 MB of data that appeared to come from the now-shuttered exchange’s internal database. The contents looked damning, hinting that Mt.Gox either had (or at least thought they had) nearly a million BTC in…
As Mt.Gox was falling apart, the “Two-Bit Idiot” blog on Tumblr was one of the rare sources of well-sourced, reliable information. Written by self-professed “entrepreneur and former VC” Ryan Selkis (who also writes under the name Ryan Galt), the blog was the first to leak the damning internal memos that all but proved Mt.Gox was…
Canadian cryptocurrency exchange Vault of Satoshi announced today that it would be halting all U.S. operations, effectively immediately. Citing concerns about the “increasingly hostile” regulatory environment in the U.S., the exchange announced their decision via their Facebook page. The post also mentioned the warnings of Bitcoin Foundation and BitInstant founder Charlie Shrem in a recent…
On March 4, virtual currency exchange Poloniex was hacked through a previously unknown code vulnerability. Writing on the BitcoinTalk.org forum, owner Tristan D’Agosta outlined the process that allowed the attack and resulted in the freezing of trading and withdrawals on the site. The hacker discovered that if you place several withdrawals all in practically the…
On Sunday, March 2, Alberta-based “Bitcoin bank” Flexcoin was hacked. Thieves made off with all 896 Bitcoins in the system’s online “hot wallet,” roughly $600,000 at current prices. According to an announcement on the site, Flexcoin “does not have the resources, assets, or otherwise to come back from this loss.” Effective immediately, Flexcoin is closed….
As China’s “gold rush” for Bitcoin continues, traders seeking to spread the risk a little now have a new option: Litecoin. China’s largest and most well-known Bitcoin exchange, BTC China, announced Litecoin trading support with a bombastic banner ad on the site yesterday. Litecoin insiders are hardly surprised by the move, as Litecoin was invented…
With backers like Google Ventures and Y-Combinator behind them (not to mention Reddit founder Alexis Ohanian), it’s safe to say that soon-to-launch Bitcoin exchange Buttercoin will be taken more seriously than most. The exchange announced yesterday that it was opening up user accounts for early access, the first indication that a full launch will be…