Bitcoin exchange Mt. Gox, which has been troubled by repeated DDoS attacks, has gone offline, following publication on Scribd of a purported internal memo alleging a multiyear server theft totaling nearly 745,000 Bitcoins. At Tuesday morning’s price of $518.84 CoinDesk, that would amount to about $386 million. “This isn’t about saving Mt. Gox any more,” the document states, laying out a four-part strategy to cope with the situation. Several Bitcoin exchanges published a joint statement to the effect that the problems were Mt. Gox’s alone.
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Mt. Gox Comes Tumbling Down
Posted by: Richard Adhikari February 25, 2014 12:25 PMBitcoin exchange Mt. Gox, which has been troubled by repeated DDoS attacks, has gone offline, following publication on Scribd of a purported internal memo alleging a multiyear server theft totaling nearly 745,000 Bitcoins. At Tuesday morning’s price of $518.84 CoinDesk, that would amount to about $386 million. “This isn’t about saving Mt. Gox any more,” the document states, laying out a four-part strategy to cope with the situation. Several Bitcoin exchanges published a joint statement to the effect that the problems were Mt. Gox’s alone.