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The Mt. Gox Bitcoin Math That Doesn’t Add Up
The Mt. Gox bitcoin drama got a little more dramatic this week. As a quick refresher, Mt. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since. As for the exchange itself, it eventually went bankrupt, its owner is waiting in Japan for his criminal trial and a whole slew of legal issues has come cascading down around him – and it. As you can imagine, those whose bitcoins have gone missing aren’t too happy. A trustee was appointed to ... (full story)