The whole bizarre history of Bitcoin and the mysterious missing Satoshi Nakamoto continues to astound me.

And this Mt. Gox story is right up there with the crazy twisting up and down White Rabbit ride that is Bitcoin.

For all the newbies, Mt. Gox was a cryptocurrency exchange that got hacked and lost 650,000 Bitcoins.

When you constantly hear the Crypto Guru advice,
"Never Leave Your Coins On an Exchange," it's a legacy of Mt. Gox.

This happened back in 2014 and the case of the missing Bitcoins rumbles on.

Then a twist. Mark Karpelès, the CEO and prime suspect of the heist finds 200,000 Bitcoins on an iCloud File.

This is a serious amount of Dosh.

Read On:

Between the time Mt. Gox shut down and when it entered liquidation in April 2014, the price of Bitcoin had plummeted more than 20% to $483.
It would be over two and a half years before Bitcoin would regain its previous high—long enough that many Mt. Gox victims didn’t even bother filing a claim for what they considered an insignificant sum.

Then early last year, Bitcoin finally broke its old record.

By late May, it was trading at nearly $2,200, making Mt. Gox’s remaining Bitcoins—202,185 to be exact—worth more than everything it owed in claims.

When the Bitcoin price peaked at $20,000 in December, the value of Mt. Gox’s assets (by then including Bitcoin derivatives such as Bitcoin Cash) ballooned to $4.4 billion—nearly 10 times the amount Mt. Gox said it lost in the first place. “
The fact that you have a bankruptcy where the only asset that it owns goes up by 5,000%, that’s pretty unprecedented,” says Daniel Kelman, a lawyer and Mt. Gox creditor who spent a year in Tokyo working on the case.

Just ponder that for a Nano Second, "A Bankruptcy, where the only asset that it owns, goes up by 5,000%"

Now that is fucking insane.
But It's just Par for the course for,The Vonderfull Vorld of Cryptocurrency.

We have it all folks, White Rabbits, Schrödinger's Cryptocurrency Cat and Alice Worm Holes at every turn.

Read The Whole Fascinating Article: Mt. Gox and the Surprising Redemption of Bitcoin’s Biggest Villain

http://fortune.com/longform/bitcoin-mt-gox-hack-karpeles

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