Mt. Gox Frozen Assets

Mt. Gox has now filed for bankruptcy protection both in the United States and in Japan. Additionally, both the company and Karpeles have had their US assets frozen in connection with numerous civil complaints and at lease one criminal probe.

Further, Mt. Gox has so far failed to explain the reason for the discrepancy between the amounts of cash liabilities on its balance sheet and the balance of cash held on banks accounts to be owned by the company. Karpeles testified in a Texas bankruptcy court on Monday, march 10th, that Mt. Gox was the target of a massive and lengthy attack by computer hackers, but admitted that the exchange continued to accept trading orders and collect fee income for weeks after management knew that Fox was technically insolvent.

Source: coindesk.com

How Much Does Mt. Gox Holds

There is a new report about Mt. Gox, the now-bankrupt Japan-based exchange said to have lost 850,000 BTC in customer funds ma actually still be in possession of 200,000 BTC ($118m as of 18:52).

The news published by Yahoo Japan, allegedly comes from the exchange's bankruptcy lawyer who suggests the bitcoins were found on 7th March in a wallet used by MT. Gox prior to June 2011. The 200,000 bitcoin would equate to just over 23% of the entirely funds presumed lost by the company in the wake of widespread theft that is said to have occurred on the exchanges for a period of several years. Given the date, these funds may be separate from that money, however.

Though the release does mention that the funds were found, it does not clarify as to whether the Mt. Gox still has access to any bitcoins inside.

Source: coindesk.com