Mt. Gox Finds 200,000 Forgotten Bitcoins in Old Wallet

Mt. Gox, the troubled Bitcoin exchange, claims it has found 200,000 bitcoins that it had "forgotten" about.

The Tokyo-based Mt. Gox, which is now under bankruptcy protection, announced the find on its website. Mark Kapeles, the head of the exchange, said the cache was found March 7. The bitcoins — worth about $118 million at the time of writing — were stored in an "old format wallet which was used prior to June 2011," according to the company

Mt. Gox moved the bitcoins offline on March 14-15 "for security reasons."

Members of the Bitcoin community were skeptical about the announcement Read more...