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The company built its service around MtGox, and so, once it shut down in May 2012, the bitcoins it had left stayed dormant in that account while the legal situation was sorted out. If the European Commission confirms the requests of these two nations, bitcoin startups and investors will be negatively affected, and may possibly be required to provide sensitive financial and user data to government agencies for inspection. Future of Bitcoin in Germany is Looking Bright According to a study by BearingPoint, 72% of all respondents in Germany indicate they have heard of virtual payment methods before. Wright was either Satoshi Nakamoto or a "brilliant hoaxer". For the time being, the fundamentals for cryptos will likely center around developments in blockchain technology. 85 View Event #42 on Chart The VC backed startup Coinbase Inc., a popular Bitcoin outlet and payment processor, announced the release of its own Bitcoin trading platform. Within minutes, the price reverted to its correct user-traded value.[189][190][191][192][193][194] Accounts with the equivalent of more than US$8,750,000 were affected.[191] In July 2011, the operator of Bitomat, the third-largest bitcoin exchange, announced that he had lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to US$220,000 at that time).