“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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