The Privacy BlogPrivacy, Security, Cryptography, and Anonymity

Mar/14

21

Now might be the time to sue Mt. Gox.

Bitcoin Streetsign

Mt. Gox, the failed Bitcoin exchange, announced that it had found about 200,000 BTC in an old wallet that had not been used since June 2011. This information was revealed in a legal filing in Japan.

That is like finding $118 Million in your old wallet that got lost in the cushions of your sofa. With the newly discovered 200,000 BTC, they now have 202,000 BTC, so they are now missing only 650,000 BTC.

Unfortunately for those who lost their coins, they are not considered debtors of Mt. Gox. Anyone who hopes to recover some of those rediscovered Bitcoins needs to be boarding the lawsuit trains that will be leaving the station very soon.

Lance Cottrell is the Founder and Chief Scientist of Anonymizer. Follow me on Facebook and Google+.

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