Mt. Gox

2007-01-01

Jed McCaleb registers mtgox.com as a Magic: The Gathering Online card trading platform.

2010-07-01

McCaleb relaunches mtgox.com as a Bitcoin exchange after reading about Bitcoin on Slashdot.

2011-03-01

McCaleb sells Mt. Gox to Mark Karpeles for approximately $0 plus a share of future profits.

2011-06-19

Hacker uses compromised auditor credentials to set Bitcoin price to $0.01 on Mt. Gox and steal approximately 2,000 BTC. Exchange suspends trading briefly.

2011-09-01

Mt. Gox hot wallet private keys (wallet.dat file) are copied and stolen, per WizSec blockchain analysis. Systematic theft of incoming deposits begins.

2013-06-01

Approximately 630,000 BTC has been drained from the compromised hot wallet by mid-2013, per WizSec analysis.

2014-02-07

Mt. Gox halts all Bitcoin withdrawals, initially citing transaction malleability issues.

2014-02-25

Mt. Gox suspends all trading, its website goes offline.

2014-02-28

Mt. Gox files for civil rehabilitation in the Tokyo District Court, disclosing the loss of approximately 850,000 BTC (~$473 million).

2014-03-20

Mt. Gox announces discovery of 199,999.99 BTC in an old wallet, reducing reported net loss to approximately 650,000 BTC.

2014-04-24

Tokyo District Court converts Mt. Gox proceedings from civil rehabilitation to bankruptcy liquidation.

2015-04-01

WizSec publishes blockchain forensics report concluding most or all missing BTC were stolen from the hot wallet beginning in late 2011.

2015-08-01

Mark Karpeles arrested in Tokyo on suspicion of manipulating computer records and embezzlement.

2018-06-01

Tokyo District Court grants request to convert proceedings back to civil rehabilitation; Nobuaki Kobayashi appointed rehabilitation trustee.

2019-03-14

Tokyo District Court convicts Karpeles of data manipulation (falsifying records to inflate holdings by ~$33.5M); acquits him of embezzlement. Sentenced to 30 months suspended for four years.

2020-06-12

Tokyo High Court upholds Karpeles's suspended sentence on appeal.

2023-06-09

DOJ unseals indictment charging Russian nationals Alexey Bilyuchenko and Aleksandr Verner with conspiring to launder approximately 647,000 BTC stolen from Mt. Gox and operating BTC-e.

2024-07-05

Mt. Gox rehabilitation trustee begins distributing Bitcoin and Bitcoin Cash to creditors through Kraken, Bitstamp, and BitGo — the first distributions since the 2014 collapse.

2024-10-10

Trustee Kobayashi announces most repayments to verified creditors completed; repayment deadline extended to October 31, 2025.

2025-03-27

Trustee announces over 19,500 creditors have now received Bitcoin and Bitcoin Cash repayments; additional distributions continue.

2025-10-27

Trustee extends repayment deadline a third time, to October 31, 2026. Approximately 34,000 BTC (~$4B+) remains in estate wallets awaiting distribution.