Famous ‘Mt. Gox, Where’s Our Money?’ Sign Up for Auction
Sam Reynolds | Edited by Sheldon Reback Updated Mar 29, 2025 4:49 AM UTC Published Mar 28, 2025 9:42 AM UTC
On a cold February morning in 2014, Colin Burgess stood outside Mt. Gox’s Tokyo office, holding a handwritten cardboard sign and demanding an explanation from the bitcoin exchange’s CEO, Mark Karpelès, about the missing cryptocurrency.
Eleven years later, the iconic token that symbolized the first major financial scandal in the cryptocurrency space is up for auction on Scarce.City with a starting bid of 4.5 BTC (equivalent to $383,000). Bidding will begin later on Friday and will end on April 3.
“It never occurred to me at the time that it could be valuable,” Burgess told CoinDesk in Hong Kong. “I thought maybe I’d write a book someday, but the token itself never seemed important to me. It’s amazing how things have changed.”
Burgess flew from London to Tokyo after Mt. Gox, then the world’s leading bitcoin exchange, inexplicably froze withdrawals.
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