MtGox Files For Bankruptcy Protection

Posted by Soulskill on Friday February 28, 2014 @01:50AM from the all-about-the-bitjamins dept.

Sockatume writes "The beleaguered MtGox bitcoin exchange has officially filed for bankruptcy protection in Tokyo. According to the Wall Street Journal, Bitcoin held an impromptu press conference that addressed recent rumors. They state that they have over $60m in liabilities against just $30m in assets, and confirm the loss of over $500m worth of Bitcoins, split between customers' balances (750,000 BTC) and company assets (100,000 BTC). Owner Mark Karpeles said, 'There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble.'"

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Re:Ha ha by Anonymous Coward · 2014-02-28 02:45 · Score: 0, Flamebait

Tis just a fleshwound, right? You buttcoiners sound like the Black Knight after ever single one of these major issues. Gotta keep the faith, eh?
Re:Ha ha by gorzek · 2014-02-28 03:33 · Score: 0, Flamebait

In any case, current inflation rates are very low, and anyone who actively wants deflation is an idiot--deflation is a growth-killer.

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