Mt. Gox lets users log in to check Bitcoin balances

[Shawn Knight]

Embattled Bitcoin exchange Mt. Gox on Tuesday modified its website to allow former traders to log into their accounts and verify their balances. It marks the first time that users have been able to log into the exchange since it went offline on February 25 but aside from seeing the balance, not much else can be done.

The login is accompanied by the following statement written in English and Japanese: Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure and note that the balance amounts shown on this site should also not be considered an acknowledgment by Mt.Gox of the amount of any rehabilitation claims of users.

According to a spokesperson from a helpline for Mt. Gox creditors, the login is legit (I.e., not a hack) and the balances are based on the latest data before the servers were shut down over three weeks ago.

If you recall, the popular exchanged abruptly shut down on February 25 with no explanation. A few days later, the company filed for bankruptcy protection in Japan. They claim that hackers stole 750,000 Bitcoins belonging to members and 100,000 of their own. At current trading prices, that’s around $516 million worth of Bitcoins.

Those with funds in Mt. Gox when it shut down are rightfully upset. One Reddit user noted, “I can see the 10k Mtgox stole from me... hooray!” while others like Gregory Greene have filed lawsuits against the exchange.

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https://www.techspot.com/news/56035-mt-gox-lets-users-log-in-to-check-bitcoin-balances.html

 

[Skidmarksdeluxe]

I wanted to check my balance then it dawned on me I never had any Bitcoins to start with. Oh well tough luck to those who did.

 

[GhostRyder]

Sad to say ive never been a big fan of these crypto currencies to begin with (since ive been pretty open on my opinion towards them) so to me while I do say that the people did not deserve what happened I feel like people should also be aware and store their coins on their own machines.

Using this exchange was the equivalent of throwing it in the air since a virtual currency on something so new is basically asking hackers to steal them.

 

[wastedkill]

Sad to say ive never been a big fan of these crypto currencies to begin with (since ive been pretty open on my opinion towards them) so to me while I do say that the people did not deserve what happened I feel like people should also be aware and store their coins on their own machines.

Using this exchange was the equivalent of throwing it in the air since a virtual currency on something so new is basically asking hackers to steal them.

Thing is people were extremely pathetically stupid for believing in MT Gox when it was blatantly obvious they wernt up to any good, I would have taken my bitcoins out of MT Gox AGES AGO I dont take stupid excuses from anyone and when they start messing you around you get out FAST!

Exchanges are good like btc-e they are a good exchange never ever had any problem with them at all they are straight to the matter at hand unlike MT Gox telling you 5years after the damage is done then blaming it on hackers.

 

[Raoul Duke]

I don't have the money to be in these things, but isn't having bitcoins in Mt.Gox now equivalent to having money in a failed investment....I know a lady that made a supposedly safe long term investment for her daughter. Years later she gets a letter telling her that due to a bad investment decision by the firm she will be getting 10 cents on the dollar for all the money invested. Oh, and thanks for doing business with us!