MtGox CEO reassures he is working on solution

MtGox CEO Mark Karpeles is reassuring the once largest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term is working to find a solution and resume activities.

Yesterday, February 25^th 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”.

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 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.