Mt. Gox Finds 200,000 of the Lost Bitcoins, Still Missing 650,000

The company has magically found a big chunk of the missing Bitcoins

By on March 21st, 2014 13:58 GMT

Mt. Gox filed for bankruptcy several weeks ago, saying that it lost over 744,000 Bitcoins of its users and another batch belonging to the company, but it has apparently found some of them in an unused account.

The company announced the discovery of some 200,000 of the lost Bitcoins, worth some $115 million on the current rates. However, the rest of 650,000 Bitcoins are nowhere to be found so far.

The discovery was actually made on March 7, 2014, as the company was investigating the issues. The finding was immediately reported to its counsels in the application for commencement of a civil rehabilitation proceeding. On March 8, the issue was explained to the counsels who took the matter to the Court and the Supervisor two days later.

“For security reasons, the 200,000 BTC which were at first on the 7th moved to online wallets were moved between the 14th and the 15th to offline wallets. These Bitcoin movements (including the change in the manner in which these Bitcoins were stored) has been reported to the Court and the Supervisor by counsels,” Mt. Gox’s Mark Karpeles said.

As mentioned, the total number of lost Bitcoins was of approximately 850,000, out of which 750,000 belonged to Mt. Gox users and 100,000 to Mt. Gox. The issue is currently being investigated.

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