The report, posted on Sunday as an analysis of public logs, suggests that the systems of failed bitcoin exchange MtGox played host to automated bots that artificially pushed the bitcoin price skywards during 2013.
Bankrupt bitcoin exchange MtGox will enter liquidation, even as its lawyers hold out hope that it can recover $5 million in cash seized by Homeland Security.
The head of what was the world’s biggest bitcoin exchange will almost certainly not step foot in the US for an April 17 court appearance.
The data appears to show MtGox CEO Mark Karpeles was lying when he said all the exchange’s bitcoins had been stolen, but it also comes with a nasty surprise for those who don’t take care where they click.
The embattled exchange appears to be done for, leaving around $63.6 million in debts. Meanwhile, regulators around the world are still scratching their heads as to how to handle Bitcoin.
How does the Bitcoin ecosystem handle a hacking crisis? The Manhattan U.S. attorney wants to know. Meanwhile, everyone wants to know what went down at MtGox, which has reportedly failed to find a buyer for some strange reason.
The world of Bitcoin is being rocked by a cascade of events related to the final collapse of Mt. Gox, which a leaked crisis document says could be “the end” of the currency in the public realm for years.
Whether it jumped or was pushed, the wounded exchange has not been the best advertisement for Bitcoin of late.
One of the most important moments in Bitcoin’s history came in May when Homeland Security seized an account tied to the biggest Bitcoin exchange. Now, we know how much the feds confiscated.