Update: Mt Gox has filed for US bankruptcy protection. CEO Karpales says, in the statement accompanying the bankruptcy protection documents , that it would “allow Mt Gox a necessary breathing period for it to focus on its restructuring efforts without the distraction that would result if certain litigation currently pending in the United States … […]
The bitcoin price has plummeted after Mt Gox cleared its Twitter feed and web presence, and a joint statement from other bitcoin exchanges initially spoke of Mt Gox’s insolvency before disappearing.
Mt Gox, once the largest Bitcoin exchange in the world, is operated from an unmarked Tokyo office block that offers no indication of its major, controversial influence on the digital currencys health. Mt. Gox: Where is our Money, reads one sign. Mt. Gox: Are you solvent? reads another. Bitcoin trader Kolin Burges started the protest last […]
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