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Mt. Gox Files For Bankrutcy Protection

Posted on the 28 February 2014 by Worldwide @thedomains

Bitcoin

Mt.Gox the largest Bitcoin exchanged filed for bankruptcy protection overnight claiming it has outstanding debt of about $63.6 million.

The company disclosed that it had lost 850,000 units of Bitcoin, including 750,000 belonging to customers worth about $477 million, based on current exchange rates.  

Mt. Gox, at one point handled more than 80% of trades in the virtual currency.

 


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