• Aug. 17, 2017, 6:13 pm

Storify: Andreessen takes on Bitcoin haters

Well you can’t say that Mt. Gox is unfamiliar with how to make a quick exit. Overnight the beleaguered company went offline, leaving behind little online presence after even deleting its Twitter posts and contacts.

Rumors of a massive hack began to circulate, with up to nearly three quarters of a million Bitcoins making up roughly six percent of the world’s supply being swiped. At $420 per, that would net someone $315 million in one shot.

That would certainly be ironic, given the cryptocurrency’s covert beginnings and its reputation as a favorite of the drug trade. Sort of like Cheech and Chong meet Swordfish.

Other fears included a ploy to drive down the price, buy on the cheap and reap the benefits, more in the James Bond realm.

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