Bitcoin Exchange MtGox files for bankruptcy

Once the world’s largest Bitcoin exchange, MtGox has officially filed for bankruptcy in Japan this last Friday. The news of

Once the world’s largest Bitcoin exchange, MtGox has officially filed for bankruptcy in Japan this last Friday.

The news of the exchange filing for bankruptcy follows the news of malware attacking MtGox’s securities, resulting in 850,000 BTC missing. A release by MtGox claims “The Company believes there is a high possibility that the bitcoins were stolen”.

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MtGox halted withdrawals earlier in February, and ceased operations this last Tuesday, February 25th 2014. A day later MtGox made an official statement mentioning CEO Mark Karpeles is working on rectifying the matter in order to return funds and Bitcoins to its users. The message left on MtGox.com was bumped down over the weekend with a new message in both Japanese and English. The message states more information will be made available tomorrow, March 3rd, and that a call center was established for user inquires.

To anyone concerned

Mark Karpeles
Representative Director
MtGox Co., Ltd.
Shibuya 2-11-5

Shibuya-ku, Tokyo

ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION

An overview of the situation should be published here shortly (probably on March 3, 2014 (Japan time)).

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Contact information

A call center has been established to respond to all inquiries. The call center is planned to start on March 3, 2014. All inquiries to MtGox Co., Ltd. should be made to the following telephone number:

Telephone number +81 3-4588-3921
Working hours Monday to Friday 10am to 5pm (Japan time)

Please refrain from contacting the office of the supervisor/investigator.”

_The translated message left on MtGox.com.

 

We will have more on this matter tomorrow as more information is made available.

 

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