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Posted on 03/27/2014 9:33:42 AM PDT by Errant
A new report by researchers at ETH Zurich University in Switzerland has concluded that the now-bankrupt Japan-based bitcoin exchange Mt. Gox may have lost only 386 bitcoins ($203,000) due to issues stemming from transaction malleability.
The finding provides new evidence that Mt. Gox’s continued claims that issues with the Bitcoin protocol were the primary reason for its insolvency are perhaps misleading or untrue.
Released on 26th March, the report was authored by Christian Decker and Professor Roger Wattenhofer, both of the university’s Distributed Computing Group (DCG).
Overall, the authors found that only 302,000 bitcoins could have ever been involved in malleability-related attacks, and that of this figure, only 1,811 were likely to be part of attacks that could have prevented Mt. Gox users from making withdrawals.
(Excerpt) Read more at coindesk.com ...
Yep ... something else going on there.
Apparently they just found an old wallet with 200,000 bitcoins in it as well...
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Yeah, something isn’t kosher about this whole affair, beginning with their link to US banks being cut.
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