Missing Mt Gox Bitcoins Likely an Inside Job, Say Japanese Police
The disappearance of 99% of the bitcoins missing from Mt Gox can be blamed on internal system manipulation and not any external attack, a major Japanese newspaper has claimed.
Citing an unnamed source connected to the ongoing police investigation, Japan’s Yomiuri Shimbun newspaper led with the story on the front page of its New Year’s Day edition. Only 7,000 BTC, or 1% of the total 650,000 missing, could be attributed to hacking attacks from outside the company, it said.
Yomiuri did not elaborate further on the matter.
That a company insider might have been responsible for the theft of 650,000 BTC from Mt Gox has been whispered about for some time, though no-one in particular has been named as a suspect, even unofficially.
This post was published at Coin Desk on January 1, 2015.