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Mt. Gox 'rediscovers' 200,000 missing Bitcoins

Mt. Gox 'rediscovers' 200,000 missing Bitcoins

"Oh here it is! It was right in front of my face the whole time!"

That's an exclamation usually reserved for finding lost car keys or your glasses. But that kind of excuse doesn't fly when the lost item in question is 180,000 - 200,000 Bitcoins worth over $115 million at the current exchange rate.

And who, you ask, has been hoarding this motherlode of digital currency? None other than the infamous Mt. Gox, who filed bankruptcy earlier this year.

"Classic scam — claim everything is gone, then make people relieved when you give them back a small percentage of what they lost," one Redditor, Logical, wrote.

"Translation: [Karpeles] thought he would be protected if he went 'bankrupt' and only declared the cash assets. Eventually he came to realize that he couldn't hide their movements from the public eye, and thus 'found' them, looking in 'wallets', I.E., the exact place you would look if you were actually looking," another Redditor, Frothface, added."

Mashable has the rest of this story. Click here to keep reading about the Japanese company that's in hot water. 

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