Mt.Gox Files For Bankruptcy Protection, Says 850,000 Bitcoin Lost
Friday, February 28, 2014
Mt.Gox has filed for bankruptcy protection and has outstanding debt of about $63.6 million, a lawyer for the Bitcoin exchange said today during a press conference at the Tokyo District Court, reports the WSJ.
Founder Mark Karpeles later appeared and apologized with a bow, saying in Japanese that the Bitcoin was lost “due to weaknesses in the system.”
- digital payments