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More Bad News From Mt.Gox: All Your Bitcoin Money Is Gone

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The Mt.Gox saga just gets sadder and sadder. Not only did the company file for bankruptcy, but Mt.Gox CEO Mike Karpele went on Japanese TV a few minutes ago and admitted that everybody’s money is gone. Gone, gone, gone.

How much money? According to one translation of the press conference: “The 750,000 bitcoins we kept for users, (37,000 million yen), almost all gone.” That’s over $424 million worth of ‘coin. At least Karpele apologized.

Welp, add it to the list, I guess.

https://gizmodo.com/the-6-biggest-bitcoin-heists-in-history-1531881137

https://gizmodo.com/mt-gox-is-filing-for-bankruptcy-protection-1533202032

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