Mt. Gox finds $116m worth of bitcoins

March 21, 2014

Mt. Gox has said it found 200,000 of the bitcoins it claimed may have disappeared as a result of a software flaw. In a statement on its website Thursday, the failed exchange said it found 200,000 bitcoins in an old-format digital wallet, reducing the number of bitcoins missing to 650,000. The finding may be a glimmer of hope for Mt. Gox’s customers, although bankruptcy proceedings in Japan and the U.S. are unlikely to result in a speedy determination of which creditors get paid first. The 200,000 bitcoins were worth about $116 million at market price Friday. Wallets are software programs for holding and transferring bitcoins, and other payments applications. The wallet in which the bitcoins were found were used in the past and the exchange thought it no longer held any bitcoins, wrote Mark Karpelès, Mt. Gox’s CEO.To read this article in full or to leave a comment, please click here

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