<s>
Gox	O
was	O
a	O
bitcoin	B-Protocol
exchange	O
based	O
in	O
Shibuya	O
,	O
Tokyo	O
,	O
Japan	O
.	O
</s>
<s>
Launched	O
in	O
2010	O
,	O
it	O
was	O
handling	O
over	O
70%	O
of	O
all	O
bitcoin	B-Protocol
(	O
BTC	O
)	O
transactions	O
worldwide	O
by	O
early	O
2014	O
,	O
when	O
it	O
abruptly	O
ceased	O
operations	O
amid	O
revelations	O
of	O
its	O
involvement	O
in	O
the	O
loss/theft	O
of	O
hundreds	O
of	O
thousands	O
of	O
bitcoins	B-Protocol
,	O
then	O
worth	O
hundreds	O
of	O
millions	O
in	O
US	O
dollars	O
.	O
</s>
<s>
Although	O
200,000	O
bitcoins	B-Protocol
have	O
since	O
been	O
"	O
found	O
"	O
,	O
the	O
reasons	O
for	O
the	O
disappearance	O
—	O
theft	O
,	O
fraud	O
,	O
mismanagement	O
,	O
or	O
a	O
combination	O
of	O
these	O
—	O
were	O
initially	O
unclear	O
.	O
</s>
<s>
New	O
evidence	O
presented	O
in	O
April	O
2015	O
by	O
Tokyo	O
security	O
company	O
WizSec	O
led	O
them	O
to	O
conclude	O
that	O
"	O
most	O
or	O
all	O
of	O
the	O
missing	O
bitcoins	B-Protocol
were	O
stolen	O
straight	O
out	O
of	O
the	O
Mt	O
.	O
</s>
<s>
In	O
late	O
2006	O
,	O
programmer	O
Jed	O
McCaleb	O
thought	O
of	O
building	O
a	O
website	O
for	O
users	O
of	O
the	O
Magic	B-Application
:	I-Application
The	I-Application
Gathering	I-Application
Online	I-Application
tradable	O
card	O
game	O
service	O
,	O
to	O
let	O
them	O
trade	O
"	O
Magic	B-Application
:	I-Application
The	I-Application
Gathering	I-Application
Online	I-Application
"	O
cards	O
like	O
stocks	O
.	O
</s>
<s>
In	O
January	O
2007	O
,	O
he	O
purchased	O
the	O
domain	O
name	O
mtgox.com,	O
short	O
for	O
"	O
Magic	B-Application
:	I-Application
The	I-Application
Gathering	I-Application
Online	I-Application
eXchange	O
"	O
.	O
</s>
<s>
In	O
July	O
2010	O
,	O
McCaleb	O
read	O
about	O
bitcoin	B-Protocol
on	O
Slashdot	O
,	O
and	O
decided	O
that	O
the	O
bitcoin	B-Protocol
community	O
needed	O
an	O
exchange	O
for	O
trading	O
bitcoin	B-Protocol
and	O
regular	O
currencies	O
.	O
</s>
<s>
Gox	O
launched	O
its	O
exchange	O
and	O
price	O
quoting	O
service	O
deploying	O
it	O
on	O
the	O
spare	O
mtgox.com	O
domain	O
name	O
.	O
</s>
<s>
In	O
March	O
2011	O
,	O
McCaleb	O
sold	O
the	O
site	O
to	O
French	O
developer	O
Mark	O
Karpelès	O
,	O
who	O
was	O
living	O
in	O
Japan	O
,	O
stating	O
that	O
"	O
to	O
really	O
make	O
mtgox	B-General_Concept
what	O
it	O
has	O
the	O
potential	O
to	O
be	O
would	O
require	O
more	O
time	O
than	O
I	O
have	O
right	O
now	O
.	O
</s>
<s>
Gox	O
bitcoin	B-Protocol
exchange	O
reported	O
some	O
BTC	O
25,000	O
(	O
US$	O
400,000	O
at	O
the	O
time	O
)	O
had	O
been	O
robbed	O
from	O
478	O
accounts	O
.	O
</s>
<s>
The	O
theft	O
of	O
Bitcoins	B-Protocol
from	O
Mt	O
.	O
</s>
<s>
On	O
19	O
June	O
,	O
a	O
stream	O
of	O
fraudulent	O
trades	O
caused	O
the	O
nominal	O
price	O
of	O
a	O
bitcoin	B-Protocol
to	O
fraudulently	O
drop	O
to	O
one	O
cent	O
on	O
the	O
Mt	O
.	O
</s>
<s>
Gox	O
auditor	O
's	O
compromised	O
computer	O
to	O
transfer	O
a	O
large	O
number	O
of	O
bitcoins	B-Protocol
illegally	O
to	O
himself	O
.	O
</s>
<s>
Gox	O
still	O
had	O
control	O
of	O
the	O
coins	O
,	O
the	O
move	O
of	O
424,242	O
bitcoins	B-Protocol
from	O
"	O
cold	O
storage	O
"	O
to	O
a	O
Mt	O
.	O
</s>
<s>
In	O
October	O
2011	O
,	O
about	O
two	O
dozen	O
transactions	O
appeared	O
in	O
the	O
block	B-Application
chain	I-Application
(	O
Block	O
150951	O
)	O
that	O
sent	O
a	O
total	O
of	O
BTC	O
2,609	O
to	O
invalid	O
addresses	O
.	O
</s>
<s>
As	O
no	O
private	B-Application
key	I-Application
could	O
ever	O
be	O
assigned	O
to	O
them	O
,	O
these	O
bitcoins	B-Protocol
were	O
effectively	O
lost	O
.	O
</s>
<s>
In	O
March	O
2013	O
,	O
the	O
bitcoin	B-Protocol
transaction	O
log	O
or	O
"	O
blockchain	B-Application
"	O
temporarily	O
forked	O
into	O
two	O
independent	O
logs	O
,	O
with	O
differing	O
rules	O
on	O
how	O
transactions	O
could	O
be	O
accepted	O
.	O
</s>
<s>
Gox	O
bitcoin	B-Protocol
exchange	O
briefly	O
halted	O
bitcoin	B-Protocol
deposits	O
.	O
</s>
<s>
Bitcoin	B-Protocol
prices	O
briefly	O
dipped	O
by	O
23%	O
,	O
to	O
$37	O
,	O
as	O
the	O
event	O
occurred	O
,	O
before	O
recovering	O
to	O
their	O
previous	O
level	O
(	O
approximately	O
$48	O
)	O
in	O
the	O
following	O
hours	O
.	O
</s>
<s>
By	O
April	O
2013	O
and	O
into	O
2014	O
the	O
site	O
had	O
grown	O
to	O
the	O
point	O
where	O
it	O
was	O
handling	O
over	O
70%	O
of	O
the	O
world	O
's	O
bitcoin	B-Protocol
trades	O
,	O
as	O
the	O
largest	O
bitcoin	B-Protocol
intermediary	O
and	O
the	O
world	O
's	O
leading	O
bitcoin	B-Protocol
exchange	O
.	O
</s>
<s>
The	O
value	O
of	O
a	O
single	O
bitcoin	B-Protocol
fell	O
to	O
a	O
low	O
of	O
$55.59	O
after	O
the	O
resumption	O
of	O
trading	O
,	O
before	O
stabilizing	O
above	O
$100	O
.	O
</s>
<s>
Gox	O
traded	O
150,000	O
bitcoins	B-Protocol
per	O
day	O
,	O
per	O
Bitcoin	B-Protocol
Charts	O
.	O
</s>
<s>
Customer	O
complaints	O
about	O
long	O
delays	O
were	O
mounting	O
as	O
of	O
February	O
2014	O
,	O
with	O
more	O
than	O
3,300	O
posts	O
in	O
a	O
thread	O
about	O
the	O
topic	O
on	O
the	O
Bitcoin	B-Protocol
Talk	O
online	O
forum	O
.	O
</s>
<s>
Gox	O
halted	O
all	O
bitcoin	B-Protocol
withdrawals	O
.	O
</s>
<s>
The	O
company	O
issued	O
a	O
press	O
release	O
on	O
10	O
February	O
2014	O
,	O
stating	O
that	O
the	O
issue	O
was	O
due	O
to	O
transaction	O
malleability	O
:	O
"	O
A	O
bug	O
in	O
the	O
bitcoin	B-Protocol
software	O
makes	O
it	O
possible	O
for	O
someone	O
to	O
use	O
the	O
bitcoin	B-Protocol
network	O
to	O
alter	O
transaction	O
details	O
to	O
make	O
it	O
seem	O
like	O
a	O
sending	O
of	O
bitcoins	B-Protocol
to	O
a	O
bitcoin	B-Protocol
wallet	O
did	O
not	O
occur	O
when	O
in	O
fact	O
it	O
did	O
occur	O
.	O
</s>
<s>
Since	O
the	O
transaction	O
appears	O
as	O
if	O
it	O
has	O
not	O
proceeded	O
correctly	O
,	O
the	O
bitcoins	B-Protocol
may	O
be	O
resent	O
.	O
</s>
<s>
Mt	B-General_Concept
Gox	I-General_Concept
is	O
working	O
with	O
the	O
bitcoin	B-Protocol
core	O
development	O
team	O
and	O
others	O
to	O
mitigate	O
this	O
issue.	O
"	O
</s>
<s>
A	O
protest	O
by	O
two	O
bitcoin	B-Protocol
enthusiasts	O
outside	O
the	O
building	O
that	O
houses	O
the	O
Mt	O
.	O
</s>
<s>
Bitcoin	B-Protocol
prices	O
quoted	O
by	O
Mt	O
.	O
</s>
<s>
Gox	O
CEO	O
Mark	O
Karpelès	O
resigned	O
from	O
the	O
board	O
of	O
the	O
Bitcoin	B-Protocol
Foundation	O
.	O
</s>
<s>
A	O
leaked	O
alleged	O
internal	O
crisis	O
management	O
document	O
claimed	O
that	O
the	O
company	O
was	O
insolvent	O
,	O
after	O
having	O
lost	O
744,408	O
bitcoins	B-Protocol
in	O
a	O
theft	O
which	O
went	O
undetected	O
for	O
years	O
.	O
</s>
<s>
Six	O
other	O
major	O
bitcoin	B-Protocol
exchanges	O
released	O
a	O
joint	O
statement	O
distancing	O
themselves	O
from	O
Mt	O
.	O
</s>
<s>
Gox	O
reported	O
on	O
its	O
website	O
that	O
a	O
"	O
decision	O
was	O
taken	O
to	O
close	O
all	O
transactions	O
for	O
the	O
time	O
being	O
"	O
,	O
citing	O
"	O
recent	O
news	O
reports	O
and	O
the	O
potential	O
repercussions	O
on	O
Mt	B-General_Concept
Gox	I-General_Concept
's	O
operations	O
"	O
.	O
</s>
<s>
Gox	O
problems	O
,	O
the	O
value	O
of	O
bitcoin	B-Protocol
declined	O
by	O
36%	O
.	O
</s>
<s>
The	O
United	O
States	O
Department	O
of	O
Justice	O
identified	O
Alexander	O
Vinnik	O
,	O
owner	O
of	O
the	O
BTC-e	O
bitcoin	B-Protocol
exchange	O
,	O
as	O
an	O
alleged	O
key	O
figure	O
in	O
the	O
laundering	O
of	O
Mt	O
.	O
</s>
<s>
Gox	O
's	O
stolen	O
bitcoins	B-Protocol
.	O
</s>
<s>
The	O
company	O
said	O
it	O
had	O
lost	O
almost	O
750,000	O
of	O
its	O
customers	O
 '	O
bitcoins	B-Protocol
,	O
and	O
around	O
100,000	O
of	O
its	O
own	O
bitcoins	B-Protocol
,	O
totaling	O
around	O
7%	O
of	O
all	O
bitcoins	B-Protocol
,	O
and	O
worth	O
around	O
$473million	O
near	O
the	O
time	O
of	O
the	O
filing	O
.	O
</s>
<s>
Gox	O
released	O
a	O
statement	O
saying	O
,	O
"	O
The	O
company	O
believes	O
there	O
is	O
a	O
high	O
possibility	O
that	O
the	O
bitcoins	B-Protocol
were	O
stolen	O
,	O
"	O
blamed	O
hackers	O
,	O
and	O
began	O
a	O
search	O
for	O
the	O
missing	O
bitcoins	B-Protocol
.	O
</s>
<s>
Gox	O
filed	O
for	O
bankruptcy	O
protection	O
in	O
the	O
US	O
,	O
to	O
halt	O
U.S.	O
legal	O
action	O
temporarily	O
by	O
traders	O
who	O
alleged	O
the	O
bitcoin	B-Protocol
exchange	O
operation	O
was	O
a	O
fraud	O
.	O
</s>
<s>
Gox	O
reported	O
on	O
its	O
website	O
that	O
it	O
found	O
199999.99	O
bitcoins	B-Protocol
—	O
worth	O
around	O
$116million	O
—	O
in	O
an	O
old	O
digital	O
wallet	O
used	O
prior	O
to	O
June	O
2011	O
.	O
</s>
<s>
That	O
brought	O
the	O
total	O
number	O
of	O
bitcoins	B-Protocol
the	O
firm	O
lost	O
down	O
to	O
650	O
,	O
000	O
,	O
from	O
850,000	O
.	O
</s>
<s>
New	O
evidence	O
presented	O
in	O
April	O
2015	O
by	O
Tokyo	O
security	O
company	O
WizSec	O
led	O
them	O
to	O
conclude	O
that	O
"	O
most	O
or	O
all	O
of	O
the	O
missing	O
bitcoins	B-Protocol
were	O
stolen	O
straight	O
out	O
of	O
the	O
Mt	O
.	O
</s>
<s>
In	O
a	O
6	O
January	O
2015	O
interview	O
,	O
Kraken	O
bitcoin	B-Protocol
exchange	O
CEO	O
Jesse	O
Powell	O
discussed	O
being	O
appointed	O
by	O
the	O
bankruptcy	O
trustee	O
to	O
assist	O
in	O
processing	O
claims	O
by	O
the	O
127,000	O
creditors	O
of	O
Mt	O
.	O
</s>
<s>
Gox	O
computer	O
system	O
to	O
increase	O
the	O
balance	O
in	O
an	O
account	O
—	O
this	O
charge	O
was	O
not	O
related	O
to	O
the	O
missing	O
650,000	O
bitcoins	B-Protocol
.	O
</s>
<s>
After	O
he	O
was	O
interrogated	O
,	O
Japanese	O
prosecutors	O
accused	O
him	O
of	O
misappropriating	O
¥315M	O
(	O
$2.6	O
M	O
)	O
in	O
bitcoin	B-Protocol
deposited	O
into	O
their	O
trading	O
accounts	O
by	O
investors	O
at	O
Mt	O
.	O
</s>
<s>
As	O
much	O
as	O
90%	O
of	O
the	O
remaining	O
Bitcoin	B-Protocol
tied	O
up	O
in	O
bankruptcy	O
proceedings	O
would	O
be	O
offered	O
to	O
creditors	O
.	O
</s>
<s>
At	O
the	O
creditors	O
meeting	O
on	O
20	O
October	O
2021	O
it	O
was	O
announced	O
that	O
the	O
Civil	O
Rehabilitation	O
Plan	O
was	O
accepted	O
by	O
99%	O
of	O
the	O
creditors	O
(	O
representing	O
83%	O
of	O
the	O
total	O
amount	O
of	O
voting	O
rights	O
)	O
and	O
that	O
billions	O
of	O
dollars	O
in	O
Bitcoin	B-Protocol
would	O
be	O
provided	O
as	O
compensation	O
.	O
</s>
<s>
Gox	O
is	O
holding	O
close	O
to	O
142,000	O
Bitcoins	B-Protocol
.	O
</s>
