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MtGox Files For Bankruptcy Protection

Posted by Soulskill on 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.'"

2 of 465 comments (clear)

  1. Who are they? by PopeRatzo · · Score: 1, Troll

    the True Believers

    White, young, male and privileged.

    I'll just leave this here:

    http://thinkprogress.org/econo...

    --
    You are welcome on my lawn.
  2. Re:Ha ha by Impy+the+Impiuos+Imp · · Score: 1, Troll

    The US dollar is worth anywhere from 1/29th to 1/539th of what it originally was worth after the Revolutionary War, so your statement is inane.

    --
    (-1: Post disagrees with my already-settled worldview) is not a valid mod option.