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Mt.Gox Files For Bankruptcy After Collapse Of Bitcoin Exchange

Liang CHE

Summary: Mt.Gox filed for bankruptcy protection in Tokyo on Friday, with the world’s former biggest bitcoin exchange blaming “a weakness in our system” for its collapse. The exchange’s CEO Mark Karpeles, bowing, apologised at a news conference for causing trouble to so many people, and said that he intended to launch a criminal complaint against the ...

Mt.Gox filed for bankruptcy protection in Tokyo on Friday, with the world’s former biggest bitcoin exchange blaming “a weakness in our system” for its collapse.

The exchange’s CEO Mark Karpeles, bowing, apologised at a news conference for causing trouble to so many people, and said that he intended to launch a criminal complaint against the hacking attack which caused the site’s downfall. However, he added, he had no specific means to do so.

The news conference is Karpeles’ second public statement since MtGox deleted its website on Tuesday, following a terse comment released on Wednesday.

By Liang CHE

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