A man looking at the bitcoin exchange website of MtGox in Tokyo on Feb 25, 2014. The website of Tokyo-based bitcoin exchange MtGox went down on February 25, after the value of the virtual unit sank to about a quarter of that on other platforms and Japanese regulators said they were unable to step in - AFP Photo.
WASHINGTON: The Bitcoin community was thrown into turmoil Tuesday after the disappearance of what had been its biggest exchange, shaking confidence in the fast-growing virtual currency.
Critics said the failure of the Tokyo-based MtGox exchange and the apparent loss of some US$300mil in Bitcoins highlighted flaws in the crypto-currency, while others said it was merely a bump in the road.
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