Mt. Gox

Exchange remained open despite knowledge of large-scale theft

13 Mar, 2014

According to a sworn declaration in Mt. Gox’s  U.S. bankruptcy filing, the company may have collected a large sum in trading fees in the weeks before its closure, even though it was already aware that a vast number of Bitcoins had gone missing. Even though Mt Gox told customers it was investigating possible fraud on Feb 7, due to a security issue called transaction malleability, buying and selling on the exchange continued until Feb. 25.

According to, an average of 49,912 bitcoins were traded daily on Mt. Gox between Feb. 7 and Feb. 25, at an average weighted price of $380.54 per bitcoin.

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