Skip to main content
  1. News
  2. Crime & Courts

Bitcoin exchange sees unexplained transactions

See also

On March 26, revealed a new mystery surrounding the Mt. Gox bitcoin exchange bankruptcy. The article revealed that 530,000 bitcoins had been withdrawn after the exchange was declared insolvent on Feb. 28, 2013.

In the most recent developments, reported, “A creditor’s representative filed a petition with the Tokyo District Court dated March 11, noting inexplicable post-insolvency developments at MTGOX. Appended to the petition were materials from the website COINSIGHT showing a bitcoin transaction history in which evidence was presented indicating transactions of at least 530,000 bitcoins at MTGOX from March 7 through 10.”

The article also stated, “Requests regarding massive bitcoin withdrawals were made which should have been impossible for anyone other than those with special bitcoin exchange access rights.”

When the Mt. Gox exchange filed for bankruptcy protection, it claimed that hackers had stolen more than 850,000 bitcoins by exploiting a security flaw in the bitcoin exchange code. Since the filing, the company reported finding 200,000 bitcoins according to The International Business Times.

A Tokyo police investigation is currently underway and, according to a statement released on the Mt. Gox website, the company intends to cooperate with “competent” authorities.

More information

Bitcoin is a virtual, tradable online currency. The value of a bitcoin is highly volatile, which results in the use of the currency for speculative purposes by day traders.

Find Terry’s featured content with real scam tips, more bestselling author interviews, and book reviews at



  • Baseball Hall of Fame
    The Baseball Hall of Fame in Cooperstown welcomes six new inductees
  • 2012 do-over
    If we were to re-do the 2012 election, a new poll suggests Romney would win
  • Boko Haram
    Boko Haram kidnaps the wife of the vice prime minister of Cameroon
    World News
  • Ceasefire breaks
    Israel's Benjamin Netanyahu claims Hamas broke another brief ceasefire
  • Close call with CME
    Scientists tell how Earth survived a giant solar flare back in 2012
  • Comic-Con
    What's going on at Comic-Con? Get all the latest updates here

Related Videos:

  • Taliban Negotiators
    <div class="video-info" data-id="518088395" data-param-name="playList" data-provider="5min" data-url=""></div>
  • Kidnapping suspect arrested in Abigail Hernandez case
    <div class="video-info" data-id="518345048" data-param-name="playList" data-provider="5min" data-url=""></div>
  • Barack Obama, Community Organizer
    <div class="video-info" data-id="518300300" data-param-name="playList" data-provider="5min" data-url=""></div>