Mt. Gox: We Found 200K Bitcoins in Our Other Wallet

Now it's only missing 650K coins

By Kevin Spak,  Newser Staff

Posted Mar 21, 2014 7:00 AM CDT

(Newser) – Don't you hate when you leave something in your other pants? Like, say, $116 million? That's the approximate value of the 199,999.99 bitcoins that Mt. Gox found lying around in an old bitcoin wallet, according to the BBC. "Mt. Gox had certain old-format wallets which were used in the past and which, Mt. Gox thought, no longer held any bitcoins," CEO Mark Karpeles said in a court filing yesterday revealing the find. The old wallet had been in use prior to June 2011.

The coins were found on March 7, and moved to an offline wallet for safekeeping a week later. The find brings the number of missing Mt. Gox coins from 850,000 down to 650,000, though that number, too, could change; the company is still investigating the cause and extent of the loss, the Wall Street Journal reports. In the meantime, users can look at the coins they might not have; Mtgox.com has begun allowing users to check their balances, with a disclaimer that it might not have the coins shown.

In this Feb. 28, 2014 file photo, Mt. Gox CEO Mark Karpeles, sitting at second right,  attends a press conference at the Justice Ministry in Tokyo.
In this Feb. 28, 2014 file photo, Mt. Gox CEO Mark Karpeles, sitting at second right, attends a press conference at the Justice Ministry in Tokyo.   (AP Photo/Kyodo News, File)
This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah.
This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah.   (AP Photo/Rick Bowmer, File)
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