Mt Gox had been depleted of most of its bitcoin by 2013 according to a new report from Wizsec, the Tokyo based bitcoin security firm, which has been conducting an ongoing unofficial investigation into Mt Gox’s collapse. The theft had been ongoing since 2011 and many of the missing bitcoins were stolen straight out of Mt Gox’s hot wallet. A significant amount of the stolen bitcoins were deposited at various exchanges like BTC-e, Bitcoinica, Mt Gox itself, and other not yet identified wallets, and subsequently sold for cash. This led Mt Gox to be operating “knowingly or unknowingly” at fractional …

In the latest report from WizSec, a Tokyo-based security firm, conclusive evidence has been found of insider trading and price manipulation at the defunct Mt. Gox exchange. The report states this price manipulation started in February 2013 when the price was around US$25 and continued all the way until February 2014 when the price crashed from its all time high above US$1,000. The report concludes that 570,000 BTC were bought in the period between February and November and that this definitely had a meaningful impact on price. Willy Report Overview WizSec corroborates the findings of the original Willy report, which …