Mt. Gox, the largest Bitcoin exchange, filed for Chapter 11 bankruptcy proceedings in Tokyo, Just days after going offline following the publication on Scribd of an internal memo that alleged hackers had stolen nearly 745,000 Bitcoins from its servers over the years. Blaming a weakness in the company’s systems, CEO Mark Karpeles apologized publicly but said the Bitcoin industry was healthy and would continue to grow. News of the bankruptcy filing sent Bitcoin prices falling 4.5 percent to $550.97 from Thursday’s closing price of $576.70.
Loading ...
Mt. Gox Scrambles for Chap. 11 Cover
Posted by: Richard Adhikari February 28, 2014 01:28 PMMt. Gox, the largest Bitcoin exchange, filed for Chapter 11 bankruptcy proceedings in Tokyo, Just days after going offline following the publication on Scribd of an internal memo that alleged hackers had stolen nearly 745,000 Bitcoins from its servers over the years. Blaming a weakness in the company’s systems, CEO Mark Karpeles apologized publicly but said the Bitcoin industry was healthy and would continue to grow. News of the bankruptcy filing sent Bitcoin prices falling 4.5 percent to $550.97 from Thursday’s closing price of $576.70.