1 ofthe Largest Bitcoin Exchange Sites has Fallen

De BISAWiki

It appears we have lost a location to buy Bitcoin online. As of now, I'm sure many of you have actually found out about (or heard of the debate surrounding) MtGox, a Japanese Bitcoin Exchange, as well as, possibly one of the biggest Bitcoin exchanges that we've seen. Here's the insane part ...

So last month, in February, 2014, MtGox, among the then largest Bitcoin exchanges, applied for bankruptcy, declaring that roughly 850,000 Bitcoin (BTC), had been lost, due to cyber criminal activities. They specified that they were hacked, and the digital currency<b> was swiped from their Bitcoin wallets. It's remarkable to think that a business's digital fortune had been stolen by hackers on a mission to take Bitcoin. Could such a thing happen? Sure. Anything's possible. But, like I stated, right here comes the crazy part ... One of the Largest Bitcoin Exchanges has actually Fallen

... or has it?

On March 7th, 2014, it was "found" that 200,000 long-lost Bitcoin, valued at $114,268,000 USD (at the time of my composing this, according to the extremely exact BTCQuote.com Ticker on the Digital Fortune homepage) had unbelievely come back, in their old and forgotten, Bitcoin Wallets. These 200,000 BTC have all been relocated to offline Bitcoin wallets.

It is clear that this adverse light, hovering over Mt. Gox, has played two extremely appreciable duties, for the Cryptocurrency community.

1. Bad.

2. Great.

The bad part is apparent. Of that 850,000 BTC that vanished, it is approximated that 750,000 of those Bitcoin were had by individual users of this Exchange, from all over the world.

here