MtGox announce finding of 200,000 lost BTC!

[Swordsoffreedom]

Looks like someone realized his scam wouldn't work and quickly "coughed up" the private keys.

I agree scrunity before the prosecution well I guess that they get points now for time off doesn't mean that they were not trying to purport a giant heist though

[tuner]

it's better to spread them among the people (real owners) than kapelles would dump it to the buyers all at once

Good news for Mt Gox account holders, bad news for the price of BTC. That's 200k coins that can now be sold that couldn't before.

[teukon]

This is exactly why regulation is a good thing.  It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts!  Can't have it both ways people.

Here, you're simply projecting imagined hypocrisy onto your opposition.

[TheFootMan]

In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. If – repeat, if Empty Gox is executing a copycat scam, we should expect the site to offer their clients a portion of the holdings back, a portion probably lower than 50% (just to drive the point home), and that offer should appear on or about March 11, 2014. Time will tell.

http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/

[cafminer1]

F*cking liars. As already done a lot of times before, the fat rat will keep lying until there s no escape. Press the bastard! This guy deserves death, after paying every penny back. Silk Road guys must be on stalk ;-P Everybody is still waiting, just in the hope of getting their money back... Fuckarpeles better get some Magic The Gathering out of the hat or be prepared to meet the Lord.

Did you lose money on SilkRoad?
Why did you mention it?

Aren t they the so called "bad" people in the news? People usually not that pacient and tolerant. ;-) But no... never had any bizz there.

[gongomanny]

Definitively good news, something back is better than 0
Hopefully it will not take half year to see part of my Bitcoins back.

[5thStreetResearch]

lol how absurd, what a joke of a company, how do you just lose 200,000 btc and refind them like its a $20 bill?

[leopard2]

I believe Mark knows very well that there is a public ledger, so I would be surprised if he really tried a scam

More likely: one of his coworkers did something, that led to the loss of the cold wallets? Maybe those were stolen/hacked but encrypted? Maybe the reshuffling we saw, was salvaging activity into safer wallets?

The story develops...

[drrussellshane]

Magic! The Gathering of the lost bitcoins.

[bananas]

the coins were never lost or hacked, probably his lawyer convinced him that it was not a good idea to keep the fraud and so eventually all coins will be "found"

[BittBurger]

This is exactly why regulation is a good thing.  

It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts!  

Can't have it both ways people.

Yes you can.  Its called a fully decentralized exchange, with no need for a trusted third party.  You've got an activity level of 500.  You should know that the technology currently on the table has capabilities far reaching beyond whats currently implemented.   Give it time.  The entire point of this paradigm shift is removing the fallibility of human beings from the equation entirely.  That includes the regulators, who are many times corrupt themselves.

-B-

[EvilPanda]

His cat ate the keys and they recently came out the other end. Sounds improbable? Same as the whole Gox theft.

[Beliathon]

I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years.

Audits are a pain, but they are our friend.

This is exactly why regulation is a good thing.  It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts!  Can't have it both ways people.

I just wanted to stop by and say that I do not want it both ways. Keep your cops and your courts. I'll take full responsibility for my bitcoins, even if something goes wrong, thank you very much.

As someone who wasn't stupid enough to lose any wealth in Mt. Scam, i agree with this sentiment.

[pleiotropik]

Just stopping by to direct my 2 minutes of hate to the fat smug sleazeball, may he rot in jail. (i didn't have any skin in his con, yet as a btc proponent i DO know he set the clock back a year).

[pandalion98]

I really hope they will return my BTC.

[DougB62]

I suppose this is more evidence of mind-boggling incompetence at Mt. Gox. Imagine a bank (or any other company) just "losing" a quarter of their assets for a couple years.

Audits are a pain, but they are our friend.

This is exactly why regulation is a good thing.  It's funny how so much of the community wants everything to be completely free and unregulated until something goes wrong, then straight to the cops and the courts!  Can't have it both ways people.

I just wanted to stop by and say that I do not want it both ways. Keep your cops and your courts. I'll take full responsibility for my bitcoins, even if something goes wrong, thank you very much.

Amen to that!!!

[CryptoPanda]

omg this guy is such a joke

[phillipsjk]

Better link:

New developments on the infamous Mt.Gox tragedy have been released.
200,000 Bitcoins have been discovered in a confirmed Mt.Gox offline wallet.

In response to this recent news Mark Karpeles (former Mt.Gox CEO) has explained, and I quote:
"MtGox had certain old-­format wallets which were used in the past and which, MtGox thought, no longer held any bitcoins"

So here's the rundown. Mark Karpeles's private stash of 200,000 BTC have been discovered and the lying SOB says that
he had "No Idea they were there" You can read the full article here: http://www.bbc.com/news/technology-26677291

-- Thoughts and Opinions guys? ---

I literally find this unbelievable.

According to an anonymous high-profile source, the first and original bitcoin scam was the online coin wallet Mybitcoin.com. People would deposit hundreds of thousands of coins there, as the currency was new and hundreds of thousands of coins weren’t yet worth a lot.

Then, on July 29, 2011, the site went blank, just like the Gox website did. People panicked and gradually accepted a catastrophic loss of funds.

On August 11, 14 days later, the site came back online and declared – just like Gox – that they “had been hacked”, had filed for bankruptcy protection, just like Gox, but “had managed to recover” 49% of the funds. People could fill out claim forms to recover these funds – 49% of their original balance. As this was enough time for most people to internalize the loss, they were happy again at the sudden windfall; things suddenly weren’t as bad as they had seemed. In the meantime, the anonymous person who ran mybitcoin.com disappeared with a huge amount of money, according to the source.

In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. If – repeat, if Empty Gox is executing a copycat scam, we should expect the site to offer their clients a portion of the holdings back, a portion probably lower than 50% (just to drive the point home), and that offer should appear on or about March 11, 2014. Time will tell.

- falkvinge.net...Copycat Scam? heading

only 9 days late?

[MrPiggles]

You're all sitting pretty up there on your high horses eh?

 
Let he who has never lost $100 million down the back of the couch cast the first stone.

[Bit_Happy]

In response to this recent news Mark Karpeles (former Mt.Gox CEO) has explained, and I quote:
"MtGox had certain old-­format wallets which were used in the past and which, MtGox thought, no longer held any bitcoins"

Does Mark have a history of saying  "which MtGox thought"...?
Perhaps when he is lying it's easier to say "MtGox thought" than "I thought"?

Any hard-core liars care to comment?