First MtGox Explanation That Makes Sense

Wall Street Journal got an interview with Mark Karpeles. And this answer was interesting:

Q: What were your mistakes?
A: Security. Not just security on the system, but in the office. We had some cases where a stranger sneaked in and took things away. We also have at least one former employee stealing the company’s data.

If you got hundreds of millions of dollars in bitcoins lying around your office, people will try to steal those bitcoins. And if your security is not adequate to the task of protecting this kind of money, someone will eventually succeed in doing so.

It could have been worse, though. There could have been a violent robbery with the same result, but leaving MtGox employees injured or dead.

We also learn from the interview that a police investigation is going on. Eventually, that investigation may come up with information on what exactly happened.

 

Published by kflenz

Professor at Aoyama Gakuin University, Tokyo. Author of Lenz Blog (since 2003, lenzblog.com).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: