Bitcoin exchange files for bankruptcy The Journal Gazette — Volkswagen Taro

4 Май 2015 | Author: | Комментарии к записи Bitcoin exchange files for bankruptcy The Journal Gazette — Volkswagen Taro отключены
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Bitcoin exchange files for

Karpeles announces that $425 million worth of have vanished at the Mt. Gox exchange.

– The Mt. Gox bitcoin exchange in Tokyo for bankruptcy protection Friday, and its executive said 850,000 worth several hundred dollars, are unaccounted for.

CEO Karpeles, a Frenchman, spoke in and bowed deeply in front of TV cameras. He said a weakness in the systems was behind a massive of the virtual currency involving bitcoins from users and of the company’s own bitcoins. That amount to about $425 at recent prices.

The online exchange’s sudden this past week, with accusations that it had a catastrophic theft, has renewed to a currency that was created in as a way to make transactions across without banks or other parties.

It remains unclear the missing bitcoins were voided by technological flaws or

“I am sorry for the troubles I caused all the people,” Karpeles in Japanese at a Tokyo court.

had not made a public appearance rumors of the exchange’s insolvency in January. He said in a web post that he was working to resolve Mt. problems.

The loss is a giant to the currency’s image because its have promoted bitcoin’s as protecting it from counterfeiting and

Bitcoin proponents have that Mt. Gox is an isolated case, by the company’s technological failures, and the potential of virtual currencies great.

Debts at Mt. Gox totaled than $65 million, surpassing its according to Teikoku Databank, monitors bankruptcies.

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Hours the bankruptcy filing, Japanese Minister Taro Aso had scoffed a collapse was inevitable.

“No one recognizes them as a currency,” he told reporters. expected such a thing to

Japan’s financial regulators been reluctant to intervene in the Mt. Gox saying they don’t jurisdiction over something not a real currency.

They to the Consumer Affairs Agency, deals with product as one possible place where users may go for help.

That minister, Masako Mori, extreme caution about or investing in bitcoins. The agency has deluged with calls bitcoins this year.

“We’re at a loss for how to help said Yuko Otsuki, who in the agency’s counseling department.


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