Friday, February 28, 2014

Bitcoin Exchange Mt. Gox Files for Bankruptcy Protection - WSJ.com

A transaction malleability case study

"Bitcoin exchange Mt. Gox said it was filing for bankruptcy protection and that 750,000 of its customers' bitcoins and 100,000 of its own had been lost.

At market prices charted by the CoinDesk bitcoin index, that would represent a loss of $473 million.

The company's lawyer also said at a news conference at the Tokyo District Court that Mt. Gox had outstanding debt of about ¥6.5 billion ($63.6 million) with assets worth ¥3.84 billion."
Bitcoin Exchange Mt. Gox Files for Bankruptcy Protection - WSJ.com
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