The US federal government has charged two Russian nationals in connection with the series of hacks that brought down the Mt. Gox Bitcoin exchange in 2014.
Why did bitcoin disappear?
Mt. Gox blamed the bitcoin disappearance on a bug in the cryptocurrency’s framework. While users were receiving incomplete transaction messages when accessing the exchange, coins may have actually been illicitly moved by hackers out of their accounts, Mt. Gox said.
What happened to bitcoin exchange?
In early February 2014, the exchange suspended withdrawals after claiming to have found suspicious activity in its digital wallets. The company discovered it had "lost" hundreds of thousands of Bitcoins. Reports on the number of coins lost ranged from 650,000 to 850,000.
