Mt. Gox ran out of money six months before going bust

Aug 4, 2015

Mt. Gox ran out of money six months before going bust

Bitcoin exchange Mt. Gox Co. apparently ran out of money six months before it announced in February 2014 that it was filing for bankruptcy after tens of millions of dollars worth of the virtual currency and client funds disappeared, investigative sources said Tuesday. The ...

Feb 25, 2015

Islamic State using bitcoin, officials suspect

Islamic State is likely using the bitcoin virtual online currency as a tool to secretly raise funds and settle transactions, a diplomatic source said Tuesday, quoting officials in the U.S.-led coalition against the group. Members of the coalition worry that the use of bitcoin, ...

Feb 10, 2015

Millions missing in suspected Hong Kong Bitcoin scam

Phones at a Hong Kong-based Bitcoin trading company went unanswered Tuesday after the company apparently disappeared and took with it tens of millions of dollars of investors’ money, although the true total could be much higher. Investors feared the MyCoin online venture, whose website ...