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File on 4: The Missing Bitcoin Billions

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File On Four

06/03/2018

The Missing Bitcoin Billions

BBC Radio 4 - File on 4, The Missing Bitcoin Billions

The mystery of the missing Bitcoin billions: a real-life cryptocurrency crime drama.

The billion dollar Bitcoin black hole: File on 4 tells the story of the real-life digital crime drama which shocked the cryptocurrency world.

As controversy rages around whether the Bitcoin bubble is about to burst, File on 4 investigates the mystery of the missing Bitcoin billions.

In 2014 one of the world's biggest Bitcoin exchanges - Mt Gox - suddenly stopped trading and filed for bankruptcy. It then announced that thousands of Bitcoins with a value of almost half a billion pounds had gone missing, leaving customers out of pocket and wondering what had gone on. For a while that remained a mystery, but recently US investigators have revealed that another exchange was involved - and there had been a huge Bitcoin theft... 

What transpires is a murky transnational tale spanning Russia, Europe, Japan and the United States. 

In a case which shines a light on the darkest corners of online trading Geoff White tells the story of the real-life digital crime drama which shocked the cryptocurrency world. 

Reporter: Geoff White
Producer: Nicola Dowling
Editor: Gail Champion.

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