Bitcoin exchange Mt Gox has admitted that nearly $500 million in bitcoin has “disappeared”, in a new statement posted online, blaming abuse of a bug in the system. Chunks of computer code have appeared on Pastebin which appear to be part of the backend for the exchange, which would tally with CEO Mark Karpele’s claims that the site was hacked, according to Ars Technica.
The exchange, which filed for bankruptcy protection on Friday, posted a new message to its site on Monday, saying that bitcoins had been “illicitly moved through the abuse of a bug”, and that “Although the complete extent is not yet known, we found that approximately 750,000 bitcoins deposited by users and approximately 100,000 bitcoins belonging to us had disappeared.”
Mt Gox site code “posted online” as exchange admits $500m in bitcoin is lost
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