The Tokyo Metropolitan Police has officially launched an investigation into Mt. Gox, and what happened to the hundreds of thousands of bitcoins that went missing.
As the circumstances behind what happened to Mt. Gox are as unclear now as they were when the exchange first started having troubles, it’s impossible to rule out criminal actions.
Some claim the exchange was hacked, while others believe it was CEO Mark Karpeles himself, or another Mt. Gox insider, who stole the coins. Whether the truth lies in one of these theories or somewhere in the middle, though, criminal acts are likely.
So What Did Happened?
The details of Mt. Gox’s collapse and the disappearance of their bitcoins is unclear, but Mt. Gox’s creditors are suspicious.
People from all over the Bitcoin space have been speculating about what may have happened.
Cameron Winklevoss, founder of Winklevoss Capital with his twin brother Tyler, believes in five different possibilities.
Either Mt. Gox was a victim of “transaction malleability”, they were hacked, they lost the keys to their cold storage wallets, a combination of the above, or it was an inside job.
At this point, though, any speculation is just that. It will be some time before the police discover the true nature of Mt. Gox’s woes, but until then the Bitcoin world will be waiting with bated breath.
Tokyo Police Begin Formal Investigation Of Mt. Gox
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