What do you think? Leave a respectful comment.

Bitcoin exchange Mt. Gox finds $119 million in missing bitcoins

Bitcoin exchange Mt. Gox, which filed for bankruptcy in February after losing 744,408 bitcoins belonging to customers in addition to 100,000 it owned, reports it has found nearly a quarter of its lost cache in a forgotten online wallet.

The exchange claims that it found 200,000 bitcoins — the current equivalent of $119 million — in a digital file that had not been accessed since June 2011. The discovery brings the amount of missing cryptocurrency down to around 650,000.

Mt. Gox, based in Japan, was the world’s largest bitcoin exchange until the loss forced them to halt operations.

The Latest