Cops think Mt Gox meltdown was an 'INSIDE JOB' – report

Nearly all of the funds missing from bankrupt Bitcoin exchange Mt Gox were the result of fraudulent transactions, rather than outside attacks, Japanese authorities have reportedly said.

Tokyo's Metropolitan Police Department (MPD) told The Yomiuri Shimbun newspaper on Thursday that no more than around 7,000 of the roughly 650,000 Bitcoins that vanished from Mt Gox could be attributed to cyber-attacks.

The rest of them were likely spirited away when "the system was fraudulently operated by an unknown party," police sources say.