Behind the Biggest Bitcoin Heist in History: Inside the Implosion of Mt. Gox

“I told him, ‘I want to know where are the bitcoins, and we need to reconcile,’ and Mark replied, ‘mendokusai’ [it’s a pain in the ass]. He said it was too difficult and too risky, because to reconcile the balance, you need to put the bitcoins from the cold storage onto a hot wallet, and there is the risk that it could be hacked, so he didn’t want to do it.”

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