The drama surrounding Mt. Gox, once the world’s largest Bitcoin exchange, has intensified. The company on Sunday filed for Chapter 11 bankruptcy in the United States — less than two weeks after taking a similar action in Tokyo, where it’s headquartered. It apparently made this move to freeze a lawsuit initiated in a federal court in Chicago by a customer seeking $25,000-worth of bitcoins and class action status. Also on Sunday, hackers broke into the blog and Reddit account of Mt. Gox CEO Mark Karpeles.
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Mt. Gox: Bankrupt, Accused and Hacked, Oh My!
Posted by: Richard Adhikari March 10, 2014 03:09 PMThe drama surrounding Mt. Gox, once the world’s largest Bitcoin exchange, has intensified. The company on Sunday filed for Chapter 11 bankruptcy in the United States — less than two weeks after taking a similar action in Tokyo, where it’s headquartered. It apparently made this move to freeze a lawsuit initiated in a federal court in Chicago by a customer seeking $25,000-worth of bitcoins and class action status. Also on Sunday, hackers broke into the blog and Reddit account of Mt. Gox CEO Mark Karpeles.