Mt. Gox files for bankruptcy, hit with lawsuit


TOKYO: Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning Bitcoin community.

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Mt Gox , Bitcoin , collapse , exchange , CEO , apology , lawsuit

   

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