Breach, Threat Management, Data Security

About 200,000 Mt. Gox Bitcoins, $115 million, found in old-format wallet


About 200,000 Mt. Gox Bitcoins have been recovered in a no longer used old-format wallet, bringing the total amount of the virtual currency allegedly pilfered from the Tokyo-based company by hackers down to 650,000 Bitcoins.

According to a post by Mt. Gox CEO Mark Karpeles, the company confirmed on March 7 that a wallet used prior to June 2011 contained the Bitcoins, which at today's exchange rate equals more than $115 million.

“A hearing took place on March 8 where a detailed explanation of the situation was made to counsels,” Karpeles wrote in the post. “Immediately on [March 10], counsels reported the existence of the 200,000 BTC to the Court and the Supervisor.”

Mt. Gox filed for bankruptcy protection in Japan on Feb. 28 and in the U.S. on March 10.

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