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Bitcoin Exchange Mt. Gox Files for Bankruptcy

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Mt. Gox, the world’s largest bitcoin exchange, filed for bankruptcy protection on Friday. The Tokyo-based exchange went offline on Tuesday, losing the equivalent of hundreds of millions of dollars

The company lost about 750,000 of its customers bitcoins and 100,000 of its own. Some claimed it would be the end of bitcoin, but Mt. Gox founder Mark Karpeles issued a statement this week in an effort to reassure customers that his company wasn’t going down.

“As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues,” Karpeles said. Read more…

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