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MtGox Finds 200,000 Bitcoins In Old Wallet

Posted by Soulskill on from the left-it-in-their-other-cryptopants dept.

thesandbender writes: "Today brings news that MtGox has 'found' 200,000 Bitcoins in a 'forgotten' wallet that they thought was empty (PDF). The value of the coins is estimated to be $116 million USD, which happens to cover their $64 million USD in outstanding debts nicely and might offer them the chance to emerge from bankruptcy. There is no explanation yet of why the sneaky thieves that 'stole' the bitcoins used a MtGox wallet to hide them."

5 of 227 comments (clear)

  1. Smelling more fishy every day. by RobertM1968 · · Score: 5, Insightful

    It's amazing how they "found" these... I would have thought that computers would make it impossible to "lose" such funds - even with the most simplistic of accounting programs. The more I hear, the more it sounds like something else is going on (like the principles of Mt Gox trying to run off with as many BitCoins as they can). It's like watching a soap opera.

    --
    StarTrekPhase2 - The Five Year Mission Continues!
  2. Thieves by Anonymous Coward · · Score: 4, Insightful

    Thieves often place stolen goods nearby so they can retrieve them later

  3. Possible by GoCrazy · · Score: 4, Insightful

    While it's seems convenient and sketchy to magically find money after it was stolen, is it possible that MtGox is just that incompetent?

    --
    No beer and no TV make Homer something something
  4. As Falkvinge says by Anonymous Coward · · Score: 5, Insightful

    As Falkvinge says, this looks like a copycat fraud.

    In one of the first major bitcoin scams, mybitcoin com in 2011, the owner also said hackers took everything and "luckily" recovered a percentage of the funds some weeks later. This is a classic con man move, called cooling the mark out. You're supposed to accept that you were stupid, take your losses and go home, rather than pursue the scammers for the rest.

  5. Re:Ooooohhhh theeeeere's your money! by citylivin · · Score: 4, Insightful

    She was just being nice. As the parent of an 11 year old, they make very bad liars. I just take everything my children say with a grain of salt. The thing with lies is if you understand peoples motivations in life, what they are interested in, what they desire. Then you can easily see when they are lying, withholding information or distorting their own memories to match with a current assumed reality.

    I find that it's good practice to firstly identify peoples motivations and character and then look at everything they say through that prism.

    --
    As a potential lottery winner, I totally support tax cuts for the wealthy