MtGox CEO reassures he is working on solution

MtGox CEO Mark Karpeles is reassuring the once largest Bitcoin exchange is working to find a solution and resume activities.

MtGox CEO Mark Karpeles is reassuring the once largest Bitcoin exchange is working to find a solution and resume activities.

Yesterday, February 25th 2014, Bitcoin exchange MtGox had seemed to have vanished, leaving many whose funds and Bitcoins were trapped in the exchange to believe their investments were gone along with it.  MtGox CEO Mark Karpeles has posted a statement to MtGox.com reassuring he is “still in Japan, and working very hard with the support of different parties to find a solution to our recent issues”.

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The post came as surprise to many given the website suddenly returned a blank white page yesterday. Over the last 2 weeks, MtGox halted funds and Bitcoin withdrawals due to malleability related security issues resulting in a reported 744,408 BTC ($350 MILLION) gone missing.

 

The statement on MtGox.com replacing the blank page from yesterday:

February 26th 2014

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Dear MtGox Customers,

As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues.

Furthermore I would like to kindly ask that people refrain from asking questions to our staff: they have been instructed not to give any response or information. Please visit this page for further announcements and updates.

Sincerely,
Mark Karpeles

 

Currently no information has been provided on if and when the exchange might resume activities and if MtGox users will ever see their funds returned to them. We will be reporting on this story as more information unfolds.

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