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Mt. Gox

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John McAfee vows to unmask bitcoin pioneer Satoshi Nakamoto within days

Business / Tech Apr 24, 2019

John McAfee vows to unmask bitcoin pioneer Satoshi Nakamoto within days

John McAfee, the eccentric antivirus pioneer known for his brushes with the law, said he has spoken with bitcoin creator Satoshi Nakamoto and plans to reveal the person's identity shortly. The background of Nakamoto — a pseudonym that is thought to refer to a person ...

Solving the world's largest bitcoin heist

National / Media | DARK SIDE OF THE RISING SUN Apr 6, 2019

Solving the world's largest bitcoin heist

by Jake Adelstein

"Imagine someone stole everything in your store and you reported the crime to the police," says Nobuyasu Ogata, defense lawyer for Mark Karpeles. Karpeles, 33, is the former CEO of Mt. Gox, once the largest bitcoin exchange in the world. "A year later," Ogata says, ...

Mt. Gox bitcoin exchange founder Mark Karpeles gets suspended term for falsifying data but is cleared of embezzlement

National / Crime & Legal Mar 15, 2019

Mt. Gox bitcoin exchange founder Mark Karpeles gets suspended term for falsifying data but is cleared of embezzlement

by Magdalena Osumi and Ryusei Takahashi

Mark Karpeles gets a suspended term for data manipulation related to the scandalous disappearance of 850,000 bitcoins in 2014 but is found not guilty of embezzlement.

Prosecutors seek 10-year prison term for former CEO of bitcoin exchange Mt. Gox on embezzlement charges

National / Crime & Legal Dec 12, 2018

Prosecutors seek 10-year prison term for former CEO of bitcoin exchange Mt. Gox on embezzlement charges

Prosecutors have sought a 10-year prison term on charges of embezzlement for the former CEO of Mt. Gox Co., once the world's largest bitcoin digital currency exchange, officials announced Wednesday. Prosecutors told the Tokyo District Court that Mark Karpeles, 33, "diverted company funds for such ...

Mt. Gox creditors get new avenue in years-long attempt to recover bitcoin losses

National / Crime & Legal Jun 23, 2018

Mt. Gox creditors get new avenue in years-long attempt to recover bitcoin losses

Things may be looking up for creditors of Mt. Gox, which was the world's biggest bitcoin exchange before going in flames after saying thousands of bitcoins had disappeared. The Tokyo District Court on Friday approved the start of civil rehabilitation proceedings, meaning the bankruptcy process ...

Coincheck hacked in ¥58 billion cryptocurrency heist, four years after Mt. Gox

National Jan 27, 2018

Coincheck hacked in ¥58 billion cryptocurrency heist, four years after Mt. Gox

by Kazuaki Nagata

Tokyo-based cryptocurrency exchange discloses it had lost about ¥58 billion ($532 million) worth of its holdings, sending clients into a panic.

Bitcoin's surge little comfort for burned Mt. Gox clients in international legal limbo

National / Crime & Legal Nov 30, 2017

Bitcoin's surge little comfort for burned Mt. Gox clients in international legal limbo

by Alexandra Harney and Steve Stecklow

When Mt. Gox, the world's largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access to hundreds of millions of dollars' worth of cryptocurrency and cash. More than three years later, with the price of bitcoin skyrocketing to ...

Cryptocurrencies threaten central banks' control over money supply — and officials study using their technology

Business Sep 3, 2017

Cryptocurrencies threaten central banks' control over money supply — and officials study using their technology

by Enda Curran, Piotr Skolimowski and Craig Torres

The boom in cryptocurrencies and their underlying technology is becoming too big for central banks, long the guardian of official money, to ignore. Until recently, officials at major central banks were happy to watch as pioneers in the field progressed by trial and error, safe ...

Bitcoin exchange operator arrested amid new questions about Mt. Gox theft

National / Media | DARK SIDE OF THE RISING SUN Aug 5, 2017

Bitcoin exchange operator arrested amid new questions about Mt. Gox theft

by Jake Adelstein

Ever since Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy in February 2014, investigators have been puzzled by the disappearance of virtual currency worth hundreds of millions of dollars from its digital vaults. Mt. Gox, which claimed it once hosted around 80 percent of bitcoin ...

Honesty is the best policy for lost property

National / Media | DARK SIDE OF THE RISING SUN Feb 4, 2017

Honesty is the best policy for lost property

by Jake Adelstein

Last month, I withdrew some money — ¥100,000 to be precise — from an ATM near Tokyo's Shibuya Station. I was on my way to a meeting and was in such a hurry that, while remembering to grab my bank card and receipt, I completely ...

Cryptocurrency exchanges under attack, risking repeat of Mt. Gox debacle

Business / Financial Markets | ANALYSIS Aug 31, 2016

Cryptocurrency exchanges under attack, risking repeat of Mt. Gox debacle

When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cybertheft — the second largest by an exchange since hackers took roughly $350 million in bitcoins at Tokyo's ...

Bitcoin operators await regulation in Japan amid push for legitimacy and widespread use

Business May 11, 2016

Bitcoin operators await regulation in Japan amid push for legitimacy and widespread use

by Kazuaki Nagata

Bitcoin operators are keenly watching the Diet as it deliberates bills to regulate the currency, believing the legislation is key to regaining the public trust's in the virtual tender and luring more players to the industry. The bitcoin phenomenon fell under a cloud following the ...

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