Mt Gox Looks Like Bitcoin Fraud, Says Japanese Press Report - Hedge Fund Alpha (formerly ValueWalk Premium)

Mt Gox Looks Like Bitcoin Fraud, Says Japanese Press Report

It has been a difficult year for Bitcoin, and now confirmation from investigative authorities in Japan working on the Mt Gox “disappearance” of customer bitcoins appears to be making things worse. Bitcoin down near $316 As the digital currency / payment method is trading down near $316 to start 2015, after reaching a high near $1,200 earlier in 2014, suspicions regarding fraud surrounding the disappearance of nearly $341 million from the Mt. Gox exchange continue to dog Bitcoin’s future. This comes as a Japanese newspaper is reporting that Tokyo’s Metropolitan Police Department believes that 99 percent of the bitcoins in question...

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