Showing posts with label Mt Gox. Show all posts
Showing posts with label Mt Gox. Show all posts

Wednesday 22 April 2015

Bitcoin theft at Mt Gox began in 2011, latest report claims

From Payments Eye –
 “The theft of bitcoins from Mt Gox started as early as 2011, according to a new report probing further into the exchange’s collapse.

Mt Gox’s missing bitcoins were stolen long before the exchange collapsed in February 2014, according to a report from Tokyo-based security firm WizSec. In fact, they were siphoned off over a longer period of time, starting in 2011.

The exchange had been operating on a fractional reserve basis – unwittingly or not – for a good few years before its collapse.”

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