Mt. Gox Lets Users Log In and Check Their Bitcoin Balances

The Bitcoin exchange Mt. Gox is finally allowing users to check their online wallet balances, nearly a month after its abrupt shut down.

Mt. Gox filed for bankruptcy after its collapse, arguing it had lost nearly 850,000 bitcoins (more than $500 million) in a years-long cyber heist. Mt. Gox users can now check how many bitcoin they have left in their accounts through the exchange’s homepage

This doesn’t necessarily mean they’ll get any of those back though. Mt. Gox is undergoing a Japanese legal procedure known as a civil rehabilitation process — similar to a U.S. chapter 11 bakruptcy — to rebuild and eventually repay users at least some of the bitcoins they had in their online wallets Read more…

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