Mt. Gox found 200,000 Bitcoin ($116 million) in an old wallet, should check its pockets

[think]

Mt. Gox found 200,000 Bitcoin ($116 million) in an old wallet, should check its pockets

BY Richard Lawler @Rjcc March 20th, 2014 at 10:38PM ET

In a bit of news that's familiar to anyone who ever put on an old jacket and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a fortuitous discovery. The company announced (PDF) in Japan that it found 200,000 Bitcoin (worth nearly $116 million at the moment) in a wallet from 2011 that it no longer used. That's less than a quarter of the 850,000 Bitcoins CEO Mark Karpeles reported were missing, but at the moment, at least it's something. According to its statement, the coins were moved to online wallets on the 7th, and then to offline wallets on the 14th and 15th. The mystery of what happened to Mt. Gox's funds is still far from solved, but between this news and reports of updated balances for account holders, it seems possible that there's something to be recovered from the shuttered exchange. Next up, removing all of the cushions from the sofa and pulling it away from the wall.

http://www.engadget.com/2014/03/20/mt-gox-apparently-found-200-000-bitcoin-in-an-old-wallet-shoul/

[ChisolmTrailDem]

1. Check the cushions, too. nt

[MADem]

2. Well, call me a skeptic, but I look askance at this claim.

It is my personal opinion that this whole bitcoin thing is a Ponzi scheme.

Anyone who gets involved in it, if they end up being taken to the cleaners, I just won't find a tear or a heaviness in my heart for them.

Anytime "something for nothing" comes into the equation, I say "There's no such thing as a free lunch."