Mt. Gox Was Sued for Bitcoin Loss Worth $133M

9500 Bitcoins were withdrawn by someone from Donald Raggio's Mt Gox account in January 2011
16 January 2018   579

Two former users of the closed bitcoin exchange Mt. Gox sued the company because of the loss of 9,500 bitcoins, which at the current exchange rate are estimated at $ 133 million. This is reported by CoinDesk.

Initially, Donald Raggio, along with his son Chris, sued several organizations and people, including Jed McCaleb and Mark Karpeles, the former owners of Mt. Gox, March 5, 2014. Defendants filed a petition to review the case in a simplified manner, but on November 16, 2017 it was rejected. Later, an appeal was sent to the court demanding a review of the decision.

According to the court document, Donald Raggio registered at the Mt. Gox in December 2010, when bitcoin cost less than $ 1.

As electronic correspondence between Donald Raggio and McCaleb shows, shortly thereafter, in January 2011, someone withdrew 9,500 bitcoins from Donald's account.

Although it is not clear how exactly access was obtained to Donald's account, McCaleb appears to have contributed to the investigation in the future. According to the court document, the investigation led to the suspect under the nickname "Baron", who denied his guilt.

In 2011, McCaleb sold the stock exchange Mt. Gox to Carpeles, who later stated that he received from the predecessor the assets of Mt. Gox, but not its obligations.

In this order, the proceedings continued until 2014, when Mt. Gox announced its bankruptcy, and Donald and Chris Raggio put forward their suit against the company.

The defendants continue to insist that the Raggio lawsuit must be redeemed under the statute of limitations of the Mississippi State, since it was filed 3 years and 54 days after the loss of the bitcoins.

NSA Tracks BTC Users, Snowden Says

According to the documents from former NSA agent, BTC transaction monitoring is one of the main priorities of the agency
21 March 2018   218

The US National Security Agency monitors actions in the bitcoin blovkchain in order to identify users of crypto currency. This is reported by The Intercept, which received a set of documents from a former employee of the NSA Edward Snowden, according to which the monitoring of BTC transactions is one of the main priorities of the agency.

They also say that the work of the NSA in this direction may not be limited to analyzing the blockchain and include the detection of crypto users.

The published document indicates that the NSA has become more likely to collect passwords of bitcoin users, data about their activity on the Internet and the identity of their devices.

According to the report, the NSA monitors bitcoin users from 2013 through a program code-named OAKSTAR, as well as the MONKEYROCKET program, which is the OAKSTAR project. The data collected over the years can allow the NSA to accurately identify participants in crypto-currency transactions.

For information on bitcoin users, the NSA can use XKeyScore, a powerful system for monitoring Internet activity, which became known in 2013, when Snowden revealed information about the surveillance of the NSA.

The document says that the information collected by the Agency is stored in the file "Provider user full.csv", and details of identification of time stamps and Internet addresses of users for the purpose of determining their location are given.