Mt. Gox conveniently “finds” $116 million worth of bitcoins

The bankrupt Japanese Bitcoin exchange Mt. Gox has declared in its filing that it has found over 200,000 lost bitcoins valued at over $116 million dollars. MtGox has been in bankruptcy proceedings in the Japanese courts since a major hack in which nearly 850,000 bitcoins were stolen by hackers. Nasty. The coins apparently showed up in an old bitcoin wallet format which MtGox CEO said “it thought no longer contained any Bitcoins”. 

Oops, trusting customers, we lost all of your bitcoins. Sorry. We think maybe hackers ripped them off. But, hey, we just dug up 200,000 of the vanished coins. That’s the latest strange tune Mt. Gox is singing now, a month after crashing and burning following the loss of 750,000 of its customers’ BTC and 100,000 of its own. Mark Karapeles, the former chief executive and now the “representative director” of the fallen cyrptocurrency exchange, announced the puzzling discovery of 200,000 “missing” bitcoins in a statement released on on Mt. Gox’s website yesterday. According to exchange rates at press time, the “found” coins are worth about $114 million. The company was required by civil rehabilitation proceedings to inform the court and its bankruptcy counsels of the discovery.