TOKYO (AP) — Bankruptcy proceedings have begun for Mt. Gox, a move that was widely expected after the Tokyo District Court decided earlier this month that the bitcoin exchange would not be able to resurrect itself.
Mark Karpeles , chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo February 28, 2014 The web accounts of Mark Karpeles, CEO of the volatile Mt.
Mark Karpeles, the 28-year-old French CEO of Mt. Gox, which once handled around 80 percent of the world’s bitcoin trades, filed for bankruptcy at a Tokyo District Court late on Friday. “If the theft is true,” said Campbell Harvey, a professor at Duke University’s Fuqua School of Business, “it’s the biggest bank heist in history,” […]
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