Mt. Gox lost $600 Million
in Bitcoins, but it hopes to make good by giving half the proceeds from its upcoming auction sale of the Bitcoins.com domain to people impacted by the Mt. Gox bankruptcy. The current high bid is $185,000
"We are hoping, with the sale of Bitcoins.com, to provide some relief to the people impacted by the Mt. Gox bankruptcy,” said Mark Karpeles, founder of the failed Bitcoin exchange Mt. Gox, “and will be putting at least half of the sale amount toward that purpose.”
Heritage Auctions is expecting the high bid to be at least $750,000. Let's be generous and assume Karpeles gets $1,200,000 and gives half of that to former Mt. Gox customers. They would get 1/10th of a cent for every dollar they lost. For example, someone who lost $100,000 would get $100.
Bitcoin Savings & Trust founder Trendon Shavers pleaded guilty to fraud over his company’s Ponzi scheme, whose victims believed they would earn one percent interest every three days — an annual rate of 3,641 percent.
Mark Karpeles, the operator of Bitcoin exchange/scam Mt. Gox, was charged Friday with embezzlement in connection to its collapse.
In Not Even Close: The State of Computer Security, a talk given at the Norwegian Deveopers’ Conference, Microsoft Research’s James Mickens gave the most acerbic, funny, terrifying security talk I can remember seeing (and I’ve seen a lot of ’em!).
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