Now might be the time to sue Mt. Gox.

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+.

The Privacy Blog Podcast - Ep. 17: RSA Conference Wrap-up, @N, Bitcoin Fiasco, Apple Security and More

In episode 17 of The Privacy Blog Podcast for February, 2014 I talk about:

• The just completed RSA Security conference
• How an email can expose your location
• A guy who suffered extortion because his username was so valuable.
• What happened in the latest Bitcoin fiasco
• Exactly how secure Apple’s iMessage protocol is
• And finally how insurance companies may drive changes in cyber security

The Privacy Blog Podcast – Ep.11: Lavabit & Silent Circle Shutdown, Hoarding Bitcoins, and “Spy” Trash Cans in London

Welcome to Episode 11 of The Privacy Blog Podcast, brought to you by Anonymizer. In this episode, I’ll discuss the shutdown of secure email services by Lavabit and Silent Circle. In addition, we’ll dive into the problem with hoarding Bitcoins and how you can protect yourself while using the increasingly popular online currency. Lastly, I’ll chat about whether teens actually care about online privacy and an ad agency’s shocking decision to use high-tech trash cans to measure Wi-Fi signals in London.

Please leave any questions or feedback in the comments section. Thanks for listening.