Major bitcoin exchange seeks bankruptcy protection

|By:, SA News Editor

Bitcoin exchange Mt. Gox has filed for bankruptcy protection with debts of ¥6.5B ($63.6M).

The Japanese firm's Web site went dark on Tuesday amid fears about the possibility of bankruptcy and speculation of a massive security breach that involved the theft of 744,400 bitcoins.

Bitcoin is -3.2% at $558.

ETFs: BITCN, TUCND