From 2011 to 2013, the now-defunct cryptocurrency exchange Mt. Gox, had lost 850,000 Bitcoins it had stored on behalf of its clients and traders. At today’s Bitcoin price, the stolen Bitcoins amount to a staggering $8.25 bln.
Recently, Mark Karpeles introduced his plans to conduct an initial coin offering (ICO) to raise $245 mln to “revive” Mt. Gox. No doubt there has been outrage and derision.
Read More Here: https://cointelegraph.com/news/karpeles-coin-mt-gox-founders-ico-plans-cause-community-outrage
