Washington, March 14 (ANI): Mt. Gox has reportedly revealed in its U.S. bankruptcy filing that the company was well aware that a vast number of bitcoins had gone missing.
Robert Karpeles, Mt. Gox's CEO has declared in the filing that the Bitcoin exchange knew in the start of February that its situation was much worse than it had disclosed at the time.
Karpeles stated in the filing that the withdrawals were stopped on Feb. 7 owing to the theft or disappearance of hundreds of thousands of bitcoins owned by Mt. Gox customers as well as Mt. Gox itself.
According to PC World, Mt. Gox halted bitcoin withdrawals from its exchange on Feb. 7, telling customers it was investigating possible fraud due to a security issue called transaction malleability, but did not specify at the time how many bitcoins were missing.
Meanwhile, bitcoin trade on the exchange continued until Feb. 25, when the company's website was shut down. (ANI)
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