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Topic: New report on Mt Gox’s missing bitcoins - page 2. (Read 1345 times)

sr. member
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Merit: 250
so the assets proof of bitcoin company is very important
sr. member
Activity: 462
Merit: 250
There is a more in-depth article with a chart showing the discrepancy here:

http://www.coindesk.com/most-mt-gox-bitcoins-were-gone-by-may-2013-report-claims/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

According to a latest report released by a group investigating Mt Gox's case, the missing bitcoins were stolen from the exchange over a period of time starting from 2011.

Is this description really accurate? The chart displayed on the above article I posted shows that the coins were stolen (either hacked or not) in two distinct events rather than continuously over the lifetime of Mt. Gox. For example, you can see the lines diverge immediately and instantly after the 424,242 BTC transfer in June 2011 followed by a "slipping" of reserves during the first half of 2012. Then the rest of the trend seems normal, save the two events which caused the line to be much lower than it should be:

newbie
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According to a latest report released by a group investigating Mt Gox's case, the missing bitcoins were stolen from the exchange over a period of time starting from 2011. The report added that the bitcoins were gone much before the exchange's failure in February last year.

The company had been operating on fractional reserve basis for most of that time, either intentionally or unintentionally.

WizSec, a Tokyo-based bitcoin security company, has been unofficially investigating Mt Gox's collapse. Its report says its team has listed more than 2m bitcoin addresses linked to Mt Gox by matching leaked data with blockchain records and carrying out clustering analysis on addresses used at similar times.


http://fxwire.pro/New-report-on-Mt-Goxs-missing-bitcoins-26947
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