MtGox code posted by hackers as company files for bankruptcy protection


Cross Office Shibuya Medio, the office building in Tokyo that is home to MtGox and Mark Karpeles’ other companies. Tokyo Apartments As MtGox CEO Mark Karpeles and his lawyers officially filed for court-supervised restructuring of the Bitcoin exchange, someone posted a chunk of code to Pastebin that would appear to lend credence to Karpeles’ contention that his company was hacked. The block of PHP code appears to be part of the backend for MtGox’s Bitcoin exchange site, and it includes references to IP addresses registered to Karpeles’ Web hosting and consulting company, Tibanne . In an update to the MtGox website late Monday, the company reasserted its claim that it had been hacked through an exploit of a weakness in its exchange website code. “Although the complete extent is not yet known, we found that approximately 750,000 bitcoins deposited by users and approximately 100,000 bitcoins belonging to us had disappeared,” the company’s spokesperson said in the latest update at the MtGox website. “We believe that there is a high probability that these bitcoins were stolen as a result of an abuse of this bug and we have asked an expert to look at the possibility of a criminal complaint and undertake proper procedures.” That loss was discovered on February 24. On the same day, the company found “large discrepancies between the amount of cash held in financial institutions and the amount deposited from our users. The amounts are still under investigation and may vary, but they approximate JPY 2.8 billion [$27 million US].” Read 2 remaining paragraphs | Comments

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MtGox code posted by hackers as company files for bankruptcy protection


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