Mt. Gox - Revision history

Taras at 18:38, 2 August 2015

2015-08-02T18:38:52Z

← Older revision		Revision as of 18:38, 2 August 2015
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	===Trading incidents===		===Trading incidents===
	On 19 June 2011, a security breach of the Mt. Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker allegedly used credentials from a Mt. Gox auditor's compromised computer illegally to fabricate a large number of bitcoins for himself. He used the exchange's software to sell them all nominally, creating a massive "[[Ask price\|ask]]" order at any price. The price eventually corrected to its correct user-traded value.<ref>[https://support.mtgox.com/entries/20224998-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback Huge Bitcoin sell off due to a compromised account - rollback]</ref><ref>{{cite press release \| last=Karpeles \| first=Mark \| title=Clarification of Mt Gox Compromised Accounts and Major Bitcoin Sell-Off \| date=30 June 2011 \| url=https://mtgox.com/press_release_20110630.html \| publisher=Tibanne Co. Ltd. \| archiveurl=https://web.archive.org/web/20110919162635/https://mtgox.com/press_release_20110630.html \| archivedate=19 September 2014 }}</ref><ref>{{cite AV media\|people= \|date= 19 June 2011 \|time= \|medium= \|url= http://www.youtube.com/watch?v=T1X6qQt9ONg \|accessdate= \|archiveurl= \|archivedate= \|title= Bitcoin Report Volume 8 - (FLASHCRASH) \|publisher=YouTube BitcoinChannel \|id= \|quote= \|ref= }}</ref><ref name="mick">{{cite news\|last= Mick \|first= Jason \|title= Inside the Mega-Hack of Bitcoin: the Full Story \|date= 19 June 2011 \|url= http://www.dailytech.com/Inside+the+MegaHack+of+Bitcoin+the+Full+Story/article21942.htm \| work=DailyTech }}</ref><ref>{{cite news \| first=Timothy B.\|last=Lee \|date=19 June 2011 \| url=http://arstechnica.com/tech-policy/news/2011/06/bitcoin-price-plummets-on-compromised-exchange.ars \| title=Bitcoin prices plummet on hacked exchange \| work=Ars Technica \| publisher=[[Condé Nast]] }}</ref><ref>Mark Karpeles, 20 June 2011, [http://bitgear.co/blogs/news/13602537-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback Huge Bitcoin sell off due to a compromised account – rollback], Mt. Gox Support</ref><ref name="register1">{{cite news\|title= Bitcoin collapses on malicious trade – Mt Gox scrambling to raise the Titanic \|url= http://www.theregister.co.uk/2011/06/19/bitcoin_values_collapse_again/ \|date=19 June 2011 \|author= Chirgwin, Richard \| work=The Register }}</ref> Accounts with the equivalent of more than $8,750,000 were affected.<ref name="mick" /> In order to prove that Mt.Gox still had control of the coins, the move of 424,242 bitcoins from "cold storage" to a Mt.Gox address was announced beforehand and executed in Block 132749.<ref>~~http~~://~~blockexplorer~~.com/b/~~132749~~</ref>		On 19 June 2011, a security breach of the Mt. Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker allegedly used credentials from a Mt. Gox auditor's compromised computer illegally to fabricate a large number of bitcoins for himself. He used the exchange's software to sell them all nominally, creating a massive "[[Ask price\|ask]]" order at any price. The price eventually corrected to its correct user-traded value.<ref>[https://support.mtgox.com/entries/20224998-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback Huge Bitcoin sell off due to a compromised account - rollback]</ref><ref>{{cite press release \| last=Karpeles \| first=Mark \| title=Clarification of Mt Gox Compromised Accounts and Major Bitcoin Sell-Off \| date=30 June 2011 \| url=https://mtgox.com/press_release_20110630.html \| publisher=Tibanne Co. Ltd. \| archiveurl=https://web.archive.org/web/20110919162635/https://mtgox.com/press_release_20110630.html \| archivedate=19 September 2014 }}</ref><ref>{{cite AV media\|people= \|date= 19 June 2011 \|time= \|medium= \|url= http://www.youtube.com/watch?v=T1X6qQt9ONg \|accessdate= \|archiveurl= \|archivedate= \|title= Bitcoin Report Volume 8 - (FLASHCRASH) \|publisher=YouTube BitcoinChannel \|id= \|quote= \|ref= }}</ref><ref name="mick">{{cite news\|last= Mick \|first= Jason \|title= Inside the Mega-Hack of Bitcoin: the Full Story \|date= 19 June 2011 \|url= http://www.dailytech.com/Inside+the+MegaHack+of+Bitcoin+the+Full+Story/article21942.htm \| work=DailyTech }}</ref><ref>{{cite news \| first=Timothy B.\|last=Lee \|date=19 June 2011 \| url=http://arstechnica.com/tech-policy/news/2011/06/bitcoin-price-plummets-on-compromised-exchange.ars \| title=Bitcoin prices plummet on hacked exchange \| work=Ars Technica \| publisher=[[Condé Nast]] }}</ref><ref>Mark Karpeles, 20 June 2011, [http://bitgear.co/blogs/news/13602537-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback Huge Bitcoin sell off due to a compromised account – rollback], Mt. Gox Support</ref><ref name="register1">{{cite news\|title= Bitcoin collapses on malicious trade – Mt Gox scrambling to raise the Titanic \|url= http://www.theregister.co.uk/2011/06/19/bitcoin_values_collapse_again/ \|date=19 June 2011 \|author= Chirgwin, Richard \| work=The Register }}</ref> Accounts with the equivalent of more than $8,750,000 were affected.<ref name="mick" /> In order to prove that Mt.Gox still had control of the coins, the move of 424,242 bitcoins from "cold storage" to a Mt.Gox address was announced beforehand and executed in Block 132749.<ref>{{cite block\|132749\|hash=00000000000004bea72d0f390194b08162665a4fc99469c576338cd37164a15a\|year=2011\|month=06\|day=23}}</ref> It was later revealed that the coins may have never been in cold storage, as the proof-of-solvency transaction was broadcast through a remote Linux desktop and a single hot wallet.<ref>{{cite reddit\|r=Bitcoin\|id=3fe92x\|title=I'm Ashley Barr, A.K.A "Adam Turner", the first Mt.Gox employee, and alleged DPR (:/). AMA\|date=1 August 2015\|post=https://www.reddit.com/r/Bitcoin/comments/3fe92x/im_ashley_barr_aka_adam_turner_the_first_mtgox/ctnuo6u}}</ref>

	In October 2011, about two dozen transactions appeared in the block chain (Block 150951)<ref>http://blockexplorer.com/b/150951</ref> that sent a total of 2,609 BTC to invalid scripts. As they were impossible to satisfy/redeem, these Bitcoins were effectively destroyed.		In October 2011, about two dozen transactions appeared in the block chain (Block 150951)<ref>http://blockexplorer.com/b/150951</ref> that sent a total of 2,609 BTC to invalid scripts. As they were impossible to satisfy/redeem, these Bitcoins were effectively destroyed.

Taras at 00:58, 2 June 2015

2015-06-02T00:58:37Z

← Older revision		Revision as of 00:58, 2 June 2015
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	\|subreddit=mtgox		\|subreddit=mtgox
	\|twitter=MtGox		\|twitter=MtGox
	}}'''Mt. Gox''', called "Mount Gox" or simply "Gox", was the most widely used bitcoin [[currency exchange]] market from its inception to late 2013.<ref>2011-06-07 on #bitcoin-otc: "MagicalTux: you could use the count of users on mtgox (went over 30k recently)"</ref> The market was closed February 25, 2014.		}}'''Mt. Gox''', called "Mount Gox" or simply "Gox", was the most widely used bitcoin [[currency exchange]] market from shortly after its inception in 2010 to its insolvency late 2013.<ref>2011-06-07 on #bitcoin-otc: "MagicalTux: you could use the count of users on mtgox (went over 30k recently)"</ref> The market was closed February 25, 2014 and has since filed for bankruptcy protection in Japan and the United States, after [[Collapse of Mt. Gox\|losing 640 thousand bitcoins]].

	A registrant on Mt. Gox had at least two sub-accounts: one for bitcoins (BTC), and one for fiat currency. Bitcoins were bought using funds from the trader's fiat account, and the proceeds from the sale of bitcoins were deposited into the same account. Trading always involved bitcoins as trading between different national currencies was not offered.		A registrant on Mt. Gox had at least two sub-accounts: one for bitcoins (BTC), and one for fiat currency. Bitcoins were bought using funds from the trader's fiat account, and the proceeds from the sale of bitcoins were deposited into the same account. Trading always involved bitcoins as trading between different national currencies was not offered.
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	On October 10, 2010 the exchange switched from [[PayPal]] to Liberty Reserve as the main funding option as a result of chargeback fraud. Former PayPal customers still had the possibility to withdraw their USD using alternative methods.		On October 10, 2010 the exchange switched from [[PayPal]] to Liberty Reserve as the main funding option as a result of chargeback fraud. Former PayPal customers still had the possibility to withdraw their USD using alternative methods.

	On March 6th, 2011 ownership of the exchange changed hands.<ref>[https://bitcointalk.org/index.php?topic=4187.0 Mtgox is changing owners]</ref> Tibanne publishes their [http://legal.tibanne.com/docs/20110801_company_certificate.pdf company certificate] from the Japanese government.		On March 6th, 2011 ownership of the exchange changed hands.<ref>[https://bitcointalk.org/index.php?topic=4187.0 Mtgox is changing owners]</ref> Mt. Gox's new parent, Tibanne, publishes their [http://legal.tibanne.com/docs/20110801_company_certificate.pdf company certificate] from the Japanese government.

	On July 19, 2011 a press release announced that Mt. Gox had acquired [[MtGox Live]], a price tracker.<ref>[https://mtgox.com/press_release_20110719.html World's Leading Bitcoin Exchange, Mt.Gox, acquires MtGoxLive.com]</ref>		On July 19, 2011 a press release announced that Mt. Gox had acquired [[MtGox Live]], a price tracker.<ref>[https://mtgox.com/press_release_20110719.html World's Leading Bitcoin Exchange, Mt.Gox, acquires MtGoxLive.com]</ref>
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	<references/>		<references/>

			[[Category:Mt. Gox]]
	[[Category:Exchanges]]		[[Category:Exchanges]]
	[[Category:eWallets]]		[[Category:eWallets]]

Taras: /* Bankruptcy and shutdown */ Split into Collapse of Mt. Gox

2015-06-01T14:51:03Z

Bankruptcy and shutdown: Split into Collapse of Mt. Gox

@@ Line 89: / Line 89: @@
 ===Bankruptcy and shutdown===
 {{main|Collapse of Mt. Gox}}
 ==See Also==

Taras at 14:39, 19 April 2015

2015-04-19T14:39:36Z

← Older revision		Revision as of 14:39, 19 April 2015
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	\|owner=[[Mark Karpeles]]		\|owner=[[Mark Karpeles]]
	\|parent=[[Tibanne Ltd.]]		\|parent=[[Tibanne Ltd.]]
	\|assets_btc={{steady}} ~~200~~,000		\|assets_btc={{steady}} 300,000
	\|assets_usd={{steady}} $57.2 million		\|assets_usd={{steady}} $67.6 million
	\|assets_year=2015		\|assets_year=2015
	\|equity_btc={{steady}} -644,408		\|equity_btc={{steady}} -644,408
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	===Bankruptcy and shutdown===		===Bankruptcy and shutdown===
			{{main\|Collapse of Mt. Gox}}
	On 7 February 2014, all Bitcoin withdrawals were halted by Mt. Gox.<ref name=doughterty2014>{{cite news \| work=Bloomberg \| date=7 February 2014 \| url=http://www.bloomberg.com/news/2014-02-07/bitcoin-price-falls-as-mt-gox-exchange-halts-activity.html \| title= Bitcoin Price Plunges as Mt. Gox Exchange Halts Activity \| last=Dougherty \| first=Carter \| accessdate=9 February 2014 }}</ref> The company said it was pausing withdrawal requests “to obtain a clear technical view of the currency processes”.<ref name=doughterty2014/> The company issued a press release on February 10, 2014 stating that the issue was due to transaction malleability: “A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. Mt. Gox is working with the Bitcoin core development team and others to mitigate this issue.”<ref>{{cite press release \| title=Update - Statement Regarding BTC Withdrawal Delays \| publisher=Mt. Gox Co. Ltd. \| date=10 February 2014 \| url=https://www.mtgox.com/press_release_20140210.html \| archiveurl=https://web.archive.org/web/20140210122955/https://www.mtgox.com/press_release_20140210.html \| archivedate=10 February 2014 }}</ref><ref>http://www.pokerupdate.com/news/business-and-finance/mt-gox-shutdown-puts-bitcoin-investors-on-edge/</ref>		On 7 February 2014, all Bitcoin withdrawals were halted by Mt. Gox.<ref name=doughterty2014>{{cite news \| work=Bloomberg \| date=7 February 2014 \| url=http://www.bloomberg.com/news/2014-02-07/bitcoin-price-falls-as-mt-gox-exchange-halts-activity.html \| title= Bitcoin Price Plunges as Mt. Gox Exchange Halts Activity \| last=Dougherty \| first=Carter \| accessdate=9 February 2014 }}</ref> The company said it was pausing withdrawal requests “to obtain a clear technical view of the currency processes”.<ref name=doughterty2014/> The company issued a press release on February 10, 2014 stating that the issue was due to transaction malleability: “A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. Mt. Gox is working with the Bitcoin core development team and others to mitigate this issue.”<ref>{{cite press release \| title=Update - Statement Regarding BTC Withdrawal Delays \| publisher=Mt. Gox Co. Ltd. \| date=10 February 2014 \| url=https://www.mtgox.com/press_release_20140210.html \| archiveurl=https://web.archive.org/web/20140210122955/https://www.mtgox.com/press_release_20140210.html \| archivedate=10 February 2014 }}</ref><ref>http://www.pokerupdate.com/news/business-and-finance/mt-gox-shutdown-puts-bitcoin-investors-on-edge/</ref>

Taras at 23:10, 15 March 2015

2015-03-15T23:10:24Z

← Older revision		Revision as of 23:10, 15 March 2015
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	\|owner=[[Mark Karpeles]]		\|owner=[[Mark Karpeles]]
	\|parent=[[Tibanne Ltd.]]		\|parent=[[Tibanne Ltd.]]
	~~\|revenue_btc={{steady}} 0~~
	~~\|revenue_usd={{steady}} $0~~
	~~\|revenue_year=2015~~
	~~\|oi_btc={{steady}} 0~~
	~~\|oi_usd={{steady}} $0~~
	~~\|oi_year=2015~~
	~~\|ni_btc={{steady}} 0~~
	~~\|ni_usd={{steady}} $0~~
	~~\|ni_year=2015~~
	\|assets_btc={{steady}} 200,000		\|assets_btc={{steady}} 200,000
	\|assets_usd={{steady}} $57.2 million		\|assets_usd={{steady}} $57.2 million
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	\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC		\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC
	\|website=https://mtgox.com		\|website=https://mtgox.com
			\|subreddit=mtgox
			\|twitter=MtGox
	}}'''Mt. Gox''', called "Mount Gox" or simply "Gox", was the most widely used bitcoin [[currency exchange]] market from its inception to late 2013.<ref>2011-06-07 on #bitcoin-otc: "MagicalTux: you could use the count of users on mtgox (went over 30k recently)"</ref> The market was closed February 25, 2014.		}}'''Mt. Gox''', called "Mount Gox" or simply "Gox", was the most widely used bitcoin [[currency exchange]] market from its inception to late 2013.<ref>2011-06-07 on #bitcoin-otc: "MagicalTux: you could use the count of users on mtgox (went over 30k recently)"</ref> The market was closed February 25, 2014.

Taras at 21:02, 14 March 2015

2015-03-14T21:02:51Z

← Older revision		Revision as of 21:02, 14 March 2015
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	\|owner=[[Mark Karpeles]]		\|owner=[[Mark Karpeles]]
	\|parent=[[Tibanne Ltd.]]		\|parent=[[Tibanne Ltd.]]
	\|assets_btc={{~~increase~~}} 200,000		\|revenue_btc={{steady}} 0
	\|assets_usd={{~~increase~~}} $57.2 million		\|revenue_usd={{steady}} $0
			\|revenue_year=2015
			\|oi_btc={{steady}} 0
			\|oi_usd={{steady}} $0
			\|oi_year=2015
			\|ni_btc={{steady}} 0
			\|ni_usd={{steady}} $0
			\|ni_year=2015
			\|assets_btc={{steady}} 200,000
			\|assets_usd={{steady}} $57.2 million
	\|assets_year=2015		\|assets_year=2015
	\|equity_btc={{~~increase~~}} -~~650~~,~~000~~		\|equity_btc={{steady}} -644,408
	\|equity_usd={{~~increase~~}} -$~~185~~ million		\|equity_usd={{steady}} -$183 million
	\|equity_year=2015		\|equity_year=2015
	\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC		\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC

Taras at 20:55, 14 March 2015

2015-03-14T20:55:56Z

← Older revision		Revision as of 20:55, 14 March 2015
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	\|owner=[[Mark Karpeles]]		\|owner=[[Mark Karpeles]]
	\|parent=[[Tibanne Ltd.]]		\|parent=[[Tibanne Ltd.]]
			\|assets_btc={{increase}} 200,000
			\|assets_usd={{increase}} $57.2 million
			\|assets_year=2015
			\|equity_btc={{increase}} -650,000
			\|equity_usd={{increase}} -$185 million
			\|equity_year=2015
	\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC		\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC
	\|website=https://mtgox.com		\|website=https://mtgox.com

Newar: /* See Also */

2015-01-28T08:36:16Z

Taras: Good

2014-09-14T15:59:57Z

Good

← Older revision		Revision as of 15:59, 14 September 2014
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	[[Category:Shopping Cart Interfaces]]		[[Category:Shopping Cart Interfaces]]
	[[ru:MtGox]]		[[ru:MtGox]]
	{{wp}}		{{wp\|MtGox}}
			{{good}}

Taras at 15:41, 14 September 2014

2014-09-14T15:41:24Z

← Older revision		Revision as of 15:41, 14 September 2014
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	{{infobox company\|name=~~MtGox~~\|image=[[File:MtGox.png\|256px]]		{{infobox company\|name=Mt. Gox\|image=[[File:MtGox.png\|256px]]
	~~\|trading_name=Mt. Gox~~
	\|industry=[[Exchange\|Fiat exchange]]		\|industry=[[Exchange\|Fiat exchange]]
	\|foundation=July 18, 2010		\|foundation=July 18, 2010
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	\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC		\|pairs=USD/BTC<br/>EUR/BTC<br/>CAD/BTC<br/>GBP/BTC<br/>CHF/BTC<br/>RUB/BTC<br/>AUD/BTC<br/>SEK/BTC<br/>DKK/BTC<br/>HKD/BTC<br/>PLN/BTC<br/>CNY/BTC<br/>SGD/BTC<br/>TBH/BTC<br/>NZD/BTC<br/>JPY/BTC
	\|website=https://mtgox.com		\|website=https://mtgox.com
	}}'''~~MtGox~~''', called "Mount Gox" or simply "Gox", was the most widely used bitcoin [[currency exchange]] market from its inception to late 2013.<ref>2011-06-07 on #bitcoin-otc: "MagicalTux: you could use the count of users on mtgox (went over 30k recently)"</ref> The market was closed February 25, 2014.		}}'''Mt. Gox''', called "Mount Gox" or simply "Gox", was the most widely used bitcoin [[currency exchange]] market from its inception to late 2013.<ref>2011-06-07 on #bitcoin-otc: "MagicalTux: you could use the count of users on mtgox (went over 30k recently)"</ref> The market was closed February 25, 2014.

	A registrant on ~~MtGox~~ had at least two sub-accounts: one for bitcoins (BTC), and one for fiat currency. Bitcoins were bought using funds from the trader's fiat account, and the proceeds from the sale of bitcoins were deposited into the same account. Trading always involved bitcoins as trading between different national currencies was not offered.		A registrant on Mt. Gox had at least two sub-accounts: one for bitcoins (BTC), and one for fiat currency. Bitcoins were bought using funds from the trader's fiat account, and the proceeds from the sale of bitcoins were deposited into the same account. Trading always involved bitcoins as trading between different national currencies was not offered.

	Trades on Mt. Gox's executed from balances on deposit with the exchange which in turn made trading on the market instantaneous, compared to most other Bitcoin markets of 2010 where a subsequent settlement occurred manually between the trading partners. The disadvantage of this was that a third party had to be trusted with keeping the money safe.		Trades on Mt. Gox's executed from balances on deposit with the exchange which in turn made trading on the market instantaneous, compared to most other Bitcoin markets of 2010 where a subsequent settlement occurred manually between the trading partners. The disadvantage of this was that a third party had to be trusted with keeping the money safe.

	~~MtGox~~ was originally started by [[Jed McCaleb]] in July 2010, and was sold to [[Tibanne Co.]] in Japan in March 2011.		Mt. Gox was originally started by [[Jed McCaleb]] in July 2010, and was sold to [[Tibanne Co.]] in Japan in March 2011.

	==Trading==		==Trading==
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	On March 6th, 2011 ownership of the exchange changed hands.<ref>[https://bitcointalk.org/index.php?topic=4187.0 Mtgox is changing owners]</ref> Tibanne publishes their [http://legal.tibanne.com/docs/20110801_company_certificate.pdf company certificate] from the Japanese government.		On March 6th, 2011 ownership of the exchange changed hands.<ref>[https://bitcointalk.org/index.php?topic=4187.0 Mtgox is changing owners]</ref> Tibanne publishes their [http://legal.tibanne.com/docs/20110801_company_certificate.pdf company certificate] from the Japanese government.

	On July 19, 2011 a press release announced that ~~MtGox~~ had acquired [[MtGox Live]], a price tracker.<ref>[https://mtgox.com/press_release_20110719.html World's Leading Bitcoin Exchange, Mt.Gox, acquires MtGoxLive.com]</ref>		On July 19, 2011 a press release announced that Mt. Gox had acquired [[MtGox Live]], a price tracker.<ref>[https://mtgox.com/press_release_20110719.html World's Leading Bitcoin Exchange, Mt.Gox, acquires MtGoxLive.com]</ref>

	Announced on March 6, 2012 was the Merchant Solution and API<ref>[https://mtgox.com/press_release_20120306.html Mt.Gox launches the definitive bitcoin checkout solution]</ref>		Announced on March 6, 2012 was the Merchant Solution and API<ref>[https://mtgox.com/press_release_20120306.html Mt.Gox launches the definitive bitcoin checkout solution]</ref>
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	===Bankruptcy and shutdown===		===Bankruptcy and shutdown===

	On 7 February 2014, all Bitcoin withdrawals were halted by Mt. Gox.<ref name=doughterty2014>{{cite news \| work=Bloomberg \| date=7 February 2014 \| url=http://www.bloomberg.com/news/2014-02-07/bitcoin-price-falls-as-mt-gox-exchange-halts-activity.html \| title= Bitcoin Price Plunges as Mt. Gox Exchange Halts Activity \| last=Dougherty \| first=Carter \| accessdate=9 February 2014 }}</ref> The company said it was pausing withdrawal requests “to obtain a clear technical view of the currency processes”.<ref name=doughterty2014/> The company issued a press release on February 10, 2014 stating that the issue was due to transaction malleability: “A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. ~~MtGox~~ is working with the Bitcoin core development team and others to mitigate this issue.”<ref>{{cite press release \| title=Update - Statement Regarding BTC Withdrawal Delays \| publisher=Mt. Gox Co. Ltd. \| date=10 February 2014 \| url=https://www.mtgox.com/press_release_20140210.html \| archiveurl=https://web.archive.org/web/20140210122955/https://www.mtgox.com/press_release_20140210.html \| archivedate=10 February 2014 }}</ref><ref>http://www.pokerupdate.com/news/business-and-finance/mt-gox-shutdown-puts-bitcoin-investors-on-edge/</ref>		On 7 February 2014, all Bitcoin withdrawals were halted by Mt. Gox.<ref name=doughterty2014>{{cite news \| work=Bloomberg \| date=7 February 2014 \| url=http://www.bloomberg.com/news/2014-02-07/bitcoin-price-falls-as-mt-gox-exchange-halts-activity.html \| title= Bitcoin Price Plunges as Mt. Gox Exchange Halts Activity \| last=Dougherty \| first=Carter \| accessdate=9 February 2014 }}</ref> The company said it was pausing withdrawal requests “to obtain a clear technical view of the currency processes”.<ref name=doughterty2014/> The company issued a press release on February 10, 2014 stating that the issue was due to transaction malleability: “A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. Mt. Gox is working with the Bitcoin core development team and others to mitigate this issue.”<ref>{{cite press release \| title=Update - Statement Regarding BTC Withdrawal Delays \| publisher=Mt. Gox Co. Ltd. \| date=10 February 2014 \| url=https://www.mtgox.com/press_release_20140210.html \| archiveurl=https://web.archive.org/web/20140210122955/https://www.mtgox.com/press_release_20140210.html \| archivedate=10 February 2014 }}</ref><ref>http://www.pokerupdate.com/news/business-and-finance/mt-gox-shutdown-puts-bitcoin-investors-on-edge/</ref>

	On 17 February 2014, with all Mt. Gox withdrawals still halted and competing exchanges back in full operation, the company published another press release indicating the steps they claim they are taking to address security issues.<ref>{{cite press release \| title=20140217-Announcement: Tokyo, Japan, February 17th, 2014 \| url=https://www.mtgox.com/img/pdf/20140217-Announcement.pdf \| format=PDF \| archiveurl=https://web.archive.org/web/*/https://www.mtgox.com/img/pdf/20140217-Announcement.pdf \| archivedate=17 February 2014 \| date=17 February 2014 \| location=Tokyo \| publisher=Mt. Gox }}</ref> In an email interview with the ''Wall Street Journal'', CEO Mark Karpelès refused to comment on increasing concerns among customers about the financial status of the exchange, did not give a definite date on which withdrawals would be resumed, and wrote that the exchange would impose "new daily and monthly limits" on withdrawals if and when they were resumed.<ref>{{cite news \|		On 17 February 2014, with all Mt. Gox withdrawals still halted and competing exchanges back in full operation, the company published another press release indicating the steps they claim they are taking to address security issues.<ref>{{cite press release \| title=20140217-Announcement: Tokyo, Japan, February 17th, 2014 \| url=https://www.mtgox.com/img/pdf/20140217-Announcement.pdf \| format=PDF \| archiveurl=https://web.archive.org/web/*/https://www.mtgox.com/img/pdf/20140217-Announcement.pdf \| archivedate=17 February 2014 \| date=17 February 2014 \| location=Tokyo \| publisher=Mt. Gox }}</ref> In an email interview with the ''Wall Street Journal'', CEO Mark Karpelès refused to comment on increasing concerns among customers about the financial status of the exchange, did not give a definite date on which withdrawals would be resumed, and wrote that the exchange would impose "new daily and monthly limits" on withdrawals if and when they were resumed.<ref>{{cite news \|
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	On 24 February 2014, Mt. Gox suspended all trading, and hours later its website went offline, returning a blank page.<ref name="WiredGox"/><ref name="NYTGox"/><ref>{{cite news \| url=http://bigstory.ap.org/article/website-bitcoin-exchange-mt-gox-offline \| first1=Yuriko \| last1=Nagano \| first2=Stephen \| last2=Wright \| title=Website of Bitcoin exchange Mt. Gox offline \| work=Associated Press \| date=25 February 2014 \| accessdate=25 February 2014}}</ref> An alleged leaked internal crisis management document claimed that the company was insolvent, after losing 744,408 bitcoins in a theft which went undetected for years.<ref name="WiredGox">{{cite news \| url=http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/?cid=co19086554 \| title=Bitcoin exchange Mt. Gox implodes amid allegations of $350 million hack\| first=Robert \|last=McMillan\|work=[[Wired (magazine)\|Wired]]\|date=24 February 2014\|accessdate=25 February 2014}}</ref><ref name="NYTGox">{{cite news \| url=http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html \| title=Apparent theft at Mt. Gox shakes Bitcoin world\|first1=Nathaniel\|last1=Popper\|first2=Rachel\|last2=Abrams\|work=[[The New York Times]]\|date=25 February 2014\|accessdate=25 February 2014}}</ref><ref>[http://www.theguardian.com/technology/2014/feb/27/how-does-a-bug-in-bitcoin-lead-to-mtgoxs-collapse How a bug in bitcoin led to MtGox's collapse], Alex Hern, [[The Guardian]], Feb. 27, 2014</ref><ref>[http://www.foxbusiness.com/markets/2014/02/25/mt-gox-ceo-says-on-internet-chat-hasnt-given-up/]</ref> Six other major bitcoin exchanges released a joint statement distancing themselves from Mt. Gox, shortly before Mt. Gox's website went offline.<ref>{{cite news \| url=http://www.reuters.com/article/2014/02/25/mtgox-website-idUSL3N0LU1N920140225 \| work=Reuters \| title=Bitcoin exchange Mt. Gox's website down \| date=25 February 2014 \| accessdate=25 February 2014}}</ref><ref>{{cite press release \| title=The Coinbase Blog - Joint Statement Regarding MtGox \| date=24 February 2014 \| work=The Coinbase Blog \|publisher=Coinbase\| url=http://blog.coinbase.com/post/77766809700/joint-statement-regarding-mtgox \| accessdate=24 February 2014}}</ref>		On 24 February 2014, Mt. Gox suspended all trading, and hours later its website went offline, returning a blank page.<ref name="WiredGox"/><ref name="NYTGox"/><ref>{{cite news \| url=http://bigstory.ap.org/article/website-bitcoin-exchange-mt-gox-offline \| first1=Yuriko \| last1=Nagano \| first2=Stephen \| last2=Wright \| title=Website of Bitcoin exchange Mt. Gox offline \| work=Associated Press \| date=25 February 2014 \| accessdate=25 February 2014}}</ref> An alleged leaked internal crisis management document claimed that the company was insolvent, after losing 744,408 bitcoins in a theft which went undetected for years.<ref name="WiredGox">{{cite news \| url=http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/?cid=co19086554 \| title=Bitcoin exchange Mt. Gox implodes amid allegations of $350 million hack\| first=Robert \|last=McMillan\|work=[[Wired (magazine)\|Wired]]\|date=24 February 2014\|accessdate=25 February 2014}}</ref><ref name="NYTGox">{{cite news \| url=http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html \| title=Apparent theft at Mt. Gox shakes Bitcoin world\|first1=Nathaniel\|last1=Popper\|first2=Rachel\|last2=Abrams\|work=[[The New York Times]]\|date=25 February 2014\|accessdate=25 February 2014}}</ref><ref>[http://www.theguardian.com/technology/2014/feb/27/how-does-a-bug-in-bitcoin-lead-to-mtgoxs-collapse How a bug in bitcoin led to MtGox's collapse], Alex Hern, [[The Guardian]], Feb. 27, 2014</ref><ref>[http://www.foxbusiness.com/markets/2014/02/25/mt-gox-ceo-says-on-internet-chat-hasnt-given-up/]</ref> Six other major bitcoin exchanges released a joint statement distancing themselves from Mt. Gox, shortly before Mt. Gox's website went offline.<ref>{{cite news \| url=http://www.reuters.com/article/2014/02/25/mtgox-website-idUSL3N0LU1N920140225 \| work=Reuters \| title=Bitcoin exchange Mt. Gox's website down \| date=25 February 2014 \| accessdate=25 February 2014}}</ref><ref>{{cite press release \| title=The Coinbase Blog - Joint Statement Regarding MtGox \| date=24 February 2014 \| work=The Coinbase Blog \|publisher=Coinbase\| url=http://blog.coinbase.com/post/77766809700/joint-statement-regarding-mtgox \| accessdate=24 February 2014}}</ref>

	On 25 February 2014, Mt.Gox reported on its website that a "decision was taken to close all transactions for the time being", citing "recent news reports and the potential repercussions on MtGox's operations". The chief executive, Mark Karpelès told ''Reuters'' that Mt. Gox was "at a turning point".<ref name=Reuters-closed>{{cite news\|title=Mt. Gox website says all transactions closed "for the time being"\|url=http://www.reuters.com/article/2014/02/25/us-mtgox-website-idUSBREA1O07920140225\|accessdate=25 February 2014\|newspaper=Reuters\|date=25 February 2014}}</ref><ref name=Lowery-end>{{cite news\|last=Lowery\|first=Adrian\|title=Is it the beginning of the end for Bitcoin? Virtual currency in turmoil as rumoured $375m theft closes major exchange \|url=http://www.thisismoney.co.uk/money/news/article-2567436/Bitcoin-turmoil-rumoured-375m-theft-closes-major-exchange.html\|accessdate=25 February 2014\|newspaper=This is money\|date=25 February 2014}}</ref><ref name=Anklam-offline>{{cite news\|last=Anklam\|first=Fred\|title=Bitcoin exchange Mt. Gox goes offline amid turmoil\|url=http://www.usatoday.com/story/tech/2014/02/25/mt-gox-offline/5801093/\|accessdate=25 February 2014\|newspaper=USA Today\|date=25 February 2014}}</ref><ref name=Vaishampayan>{{cite news\|last=Vaishampayan\|first=Saumya\|title=Mt. Gox says transactions closed 'for time being'\|url=http://www.marketwatch.com/story/mt-gox-says-transactions-closed-for-time-being-2014-02-25?link=MW_home_latest_news\|accessdate=25 February 2014\|newspaper=Market Watch\|date=25 February 2014}}</ref>		On 25 February 2014, Mt. Gox reported on its website that a "decision was taken to close all transactions for the time being", citing "recent news reports and the potential repercussions on MtGox's operations". The chief executive, Mark Karpelès told ''Reuters'' that Mt. Gox was "at a turning point".<ref name=Reuters-closed>{{cite news\|title=Mt. Gox website says all transactions closed "for the time being"\|url=http://www.reuters.com/article/2014/02/25/us-mtgox-website-idUSBREA1O07920140225\|accessdate=25 February 2014\|newspaper=Reuters\|date=25 February 2014}}</ref><ref name=Lowery-end>{{cite news\|last=Lowery\|first=Adrian\|title=Is it the beginning of the end for Bitcoin? Virtual currency in turmoil as rumoured $375m theft closes major exchange \|url=http://www.thisismoney.co.uk/money/news/article-2567436/Bitcoin-turmoil-rumoured-375m-theft-closes-major-exchange.html\|accessdate=25 February 2014\|newspaper=This is money\|date=25 February 2014}}</ref><ref name=Anklam-offline>{{cite news\|last=Anklam\|first=Fred\|title=Bitcoin exchange Mt. Gox goes offline amid turmoil\|url=http://www.usatoday.com/story/tech/2014/02/25/mt-gox-offline/5801093/\|accessdate=25 February 2014\|newspaper=USA Today\|date=25 February 2014}}</ref><ref name=Vaishampayan>{{cite news\|last=Vaishampayan\|first=Saumya\|title=Mt. Gox says transactions closed 'for time being'\|url=http://www.marketwatch.com/story/mt-gox-says-transactions-closed-for-time-being-2014-02-25?link=MW_home_latest_news\|accessdate=25 February 2014\|newspaper=Market Watch\|date=25 February 2014}}</ref>

	On 28 February 2014 Mt. Gox filed for bankruptcy protection in Tokyo, reporting that it had liabilities of about 6.5 billion Japanese yen ($64 million at the time), and 3.84 billion yen in assets.<ref name=warnock2014>{{cite news \| first1=Eleanor \| last1=Warnock \| first2=Takashi \| last2=Mochizuki \| first3=Alexander\|last3=Martin \| date=28 February 2014 \| work=The Wall Street Journal \| url=http://online.wsj.com/news/article_email/SB10001424052702303801304579410010379087576 \| title=Mt. Gox files for bankruptcy protection \| accessdate=28 February 2014}}</ref><ref name=takemoto2014>{{cite news \| title=Mt. Gox files for bankruptcy, blames hackers for losses \| url=http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-bankruptcy-idUSBREA1R0FX20140228 \| first1=Yoshifumi \|last1=Takemoto \|first2=Sophie \|last2=Knight\|work=Reuters\|date=28 February 2014\|accessdate=28 February 2014}}</ref> The company said they had lost almost 750,000 of its customers' bitcoins, and around 100,000 of its own bitcoins, totaling around 7% of all bitcoins, and worth around $473 million near the time of the filing.<ref name=warnock2014/><ref name=takemoto2014/> Mt. Gox released a statement saying "The company believes there is a high possibility that the Bitcoins were stolen,”<ref name="Bloomberg28">[http://www.bloomberg.com/news/2014-02-28/mt-gox-exchange-files-for-bankruptcy.html Mt. Gox Seeks Bankruptcy After $480 Million Bitcoin Loss], Carter Dougherty and Grace Huang, [[Bloomberg News]], Feb. 28, 2014</ref> blaming hackers,<ref name=titan /> thus beginning a search for the missing money. Chief Executive of Mt. Gox, Mark Karpelès, said technical issues opened up the way for fraudulent withdrawals.		On 28 February 2014 Mt. Gox filed for bankruptcy protection in Tokyo, reporting that it had liabilities of about 6.5 billion Japanese yen ($64 million at the time), and 3.84 billion yen in assets.<ref name=warnock2014>{{cite news \| first1=Eleanor \| last1=Warnock \| first2=Takashi \| last2=Mochizuki \| first3=Alexander\|last3=Martin \| date=28 February 2014 \| work=The Wall Street Journal \| url=http://online.wsj.com/news/article_email/SB10001424052702303801304579410010379087576 \| title=Mt. Gox files for bankruptcy protection \| accessdate=28 February 2014}}</ref><ref name=takemoto2014>{{cite news \| title=Mt. Gox files for bankruptcy, blames hackers for losses \| url=http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-bankruptcy-idUSBREA1R0FX20140228 \| first1=Yoshifumi \|last1=Takemoto \|first2=Sophie \|last2=Knight\|work=Reuters\|date=28 February 2014\|accessdate=28 February 2014}}</ref> The company said they had lost almost 750,000 of its customers' bitcoins, and around 100,000 of its own bitcoins, totaling around 7% of all bitcoins, and worth around $473 million near the time of the filing.<ref name=warnock2014/><ref name=takemoto2014/> Mt. Gox released a statement saying "The company believes there is a high possibility that the Bitcoins were stolen,”<ref name="Bloomberg28">[http://www.bloomberg.com/news/2014-02-28/mt-gox-exchange-files-for-bankruptcy.html Mt. Gox Seeks Bankruptcy After $480 Million Bitcoin Loss], Carter Dougherty and Grace Huang, [[Bloomberg News]], Feb. 28, 2014</ref> blaming hackers,<ref name=titan /> thus beginning a search for the missing money. Chief Executive of Mt. Gox, Mark Karpelès, said technical issues opened up the way for fraudulent withdrawals.

← Older revision		Revision as of 08:36, 28 January 2015
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	==See Also==		==See Also==

			* [https://en.wikipedia.org/wiki/Mt._Gox Mt. Gox Wikipedia article]
			* [https://en.wikipedia.org/wiki/Mark_Karpel%C3%A8s Mark Karpelès Wikipedia article]
	* [[Buying bitcoins]]		* [[Buying bitcoins]]
	* [[Selling bitcoins]]		* [[Selling bitcoins]]