Thursday, Nov 27, 2014Thursday, Nov 27, 2014
News
 

Anxious Bitcoin investors call for legal action against MtGox

Published on Feb 27, 2014 10:52 PM
 

TOKYO (AFP) - Anxious Bitcoin investors in Tokyo called on Thursday for legal action against the chief executive of an exchange where hundreds of millions of dollars' worth of the virtual currency appear to have vanished.

Dozens of members of "Bitcoin Tokyo" gathered in a restaurant in the Japanese capital, some nursing possible six-figure losses after an apparent grand theft from the digital vaults of the MtGox exchange.

American IT engineer Aaron Gotman said he had 463 bitcoins at MtGox, worth well over US$200,000 (S$253,000).

"What happened at MtGox was first incompetence, but then it could have gone to fraud at the end if they were knowing they didn't have the bitcoins they were selling," he said.

 
If you are not a subscriber, you can get instant, unlimited access here