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One-time Bitcoin king Mt. Gox nears the end of the road

17
Apr
2014

Sorry, Bitcoin fans: You’re never, ever, ever getting all your precious pieces of cryptocurrency back from Mt. Gox. The Wall Street Journal reports that Mt. Gox, the one-time Magic Card trading website that transformed itself into the world’s largest Bitcoin exchange before it collapsed earlier this year, has filed for liquidation. This means that the exchange has completely given up any hopes of rebuilding itself while under bankruptcy protection and now its remaining assets will be sold off for cash. This also means that Mt. Gox’s creditors are likely to receive even less return on their investment in the exchange than they would have received under bankruptcy. Although one of the Journal’s sources says Mt. Gox is still hoping that

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