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The Latest Breaking News from Mt Gox

The biggest heist of all time involved over $14 billion of crypto being stolen - and it went undetected for five years

A five-year-old breach of LuBian mining pool led to a silent $14.5 billion Bitcoin theft caused by weak key security and zero detection.

TechRadar

Unreported $3.5 billion Bitcoin hack from 2020 dwarfs Mt. Gox in value, is worth $14.5 billion today — intelligence firm uncovers heist that shuttered 6th-largest bitcoin mining pool

Arkham Intelligence has uncovered the largest Bitcoin heist ever, amounting to $14.5 billion worth today. The heist was conducted in 2020 against the Chinese mining pool LuBian.

Tom’s Hardware

6 of the Best Times To Buy Bitcoin in History — and When To Buy Next

The best times to buy bitcoin have almost always come during periods of fear, when prices bottomed out after hype-driven bubbles burst. What's coming next?

GOBankingRates

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7 Crypto Investments That Ended in Complete Chaos

Cryptocurrency is the digital wild west—a space full of overnight millionaires, revolutionary tech, and, yes, devastating losses. While the world has seen Bitcoin go from a fringe project to global recognition, countless other ventures in the space have ended in complete chaos.

Everybody Loves Your Money

Crypto Crash: Ethereum, Bitcoin Lead Price Bloodbath In 'Perfect Storm'

Crypto started collapsing Sunday night following a week of significant news on political and financial trends – the world's top two digital assets are leading the way in the crash, and maximalists are now trying to calm the "perfect storm."

International Business Times

Bitcoin slumps 12% over past week as Mt. Gox repayments flood market

Bitcoin’s latest dip is largely due to an uptick in on-chain selling pressure as governments liquidate seized Bitcoin and the crypto exchange Mt. Gox begins to repay creditors.

Fortune

Mt. Gox customers benefit from 3500 percent increase in value, recoup losses despite only 15 percent of coins being returned

Although only 15% of cryptocurrency has been recovered, the massive increase in bitcoin prices means customers are getting much more than they lost in 2014.

Tom’s Hardware

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S&P 500 and Nasdaq 100 Post Record Highs on Rate Cut Expectations

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.02%. Stock indexes Friday settled moderately higher, with the S&P 500 and Nasdaq 100 posting...

Barchart

Bitcoin Price Plummets As Mt. Gox Moves Billions In Crypto

Bitcoin's value plunges to ,000 as Mt. Gox's bitcoin transfer raises market concerns.

Top News

Stocks Supported as US Jobs Report Bolsters Rate Cut Speculation

The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.61%. Stock indexes today are mostly higher, with the S&P 500 and Nasdaq 100 climbing...

Barchart

Stocks Rally as US June Payroll Report Boosts Rate Cut Chances

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.30%. Stock indexes today are mostly higher, with the S&P 500 and Nasdaq 100 climbing...

Barchart

Bitcoin Begins Road To Recovery At $63,000 But MtGox Dump Fears Loom

Bitcoin has bounced back above $63,000, but there are still concerns about the MtGox dump starting this week that could push prices down again.

International Business Times

Bitcoin Mt. Gox creditors will soon benefit from $9 billion payback — their BTC is over 10,000% more valuable than when it went missing

Mt. Gox begins paying back users, ten years after it began collapsing in February 2014.

Tom’s Hardware

Defunct Bitcoin Exchange MtGox Moves $10B Ahead Of Customer Repayment

MtGox has moved billions worth of Bitcoin some five months before it is due to repay customers who lost their BTC stash in the lead-up to the crypto exchange's shocking collapse.

International Business Times

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The Guardian - US

Sam Bankman-Fried is going to prison. The crypto industry isn’t any better for it

There have been no changes since the ex-mogul’s conviction as lawmakers fail to pass regulations to protect the public

International Business Times

Mt. Gox Starts Paying Creditors Via PayPal After Nearly A Decade

In a Reddit thread, several users claimed to have received payments from the now-defunct Bitcoin exchange distributed via Japanese Yen-denominated refund on PayPal.

Fortune

The crypto industry is embracing self regulation. It’s time Washington gets on board

Proof-of-reserve measures aren't a substitute for standard audits. They make them better.

Fortune

Bankruptcy marketplace Xclaim raises $7 million after crypto rebrand

The funding announcement follows the recent launch of OPNX, a competing exchange run by the founders of a bankrupt crypto hedge fund.

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Zenger

Ripples In Crypto-Land As XRP Investors Take Bets On Interbank Payments Tech

BANGKOK — One of the largest cryptocurrencies by market cap may bounce back after a hiatus. XRP, the world’s seventh largest crypto by market cap, is hoping an out of court legal settlement will turn around its recent lackluster performance. But opinions among crypto investors are still divided about where the…

Businessweek

Did Razzlekhan and Dutch Pull Off History’s Biggest Crypto Heist?

The novelty rapper and her startup-guy husband are now facing trial, but some of the proceeds from the $8 billion Bitfinex hack still haven’t been recovered.

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