Mt. Gox Files for Bankruptcy Protection – Wall Street Journal

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Mt. Gox Files for Bankruptcy Protection – Wall Street Journalby wpjljron.Mt. Gox Files for Bankruptcy Protection – Wall Street JournalTOKYO—Bitcoin exchange Mt. Gox said Friday it was filing for bankruptcy protection after losing almost 750,000 of its customers’ bitcoins, marking the collapse of a marketplace that once dominated trading in the virtual currency. The company said it also lost around 100,000 of its own bitcoins. Together, the lost bitcoins would be worth approximately $473 […]

TOKYO—Bitcoin exchange Mt. Gox said Friday it was filing for bankruptcy protection after losing almost 750,000 of its customers’ bitcoins, marking the collapse of a marketplace that once dominated trading in the virtual currency.

The company said it also lost around 100,000 of its own bitcoins. Together, the lost bitcoins would be worth approximately $473 million at market prices charted by the CoinDesk bitcoin index, although the…

Source Article from http://online.wsj.com/article/SB10001424052702303801304579410010379087576.html

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