Seeking Alpha

Major bitcoin exchange seeks bankruptcy protection

  • 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
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Comments (7)
  • Mercury Value
    , contributor
    Comments (565) | Send Message
     
    This will be a game-changer. Bitcoin users just don't understand the bankruptcy process. It's about the future.
    28 Feb 2014, 07:55 AM Reply Like
  • ilikemoney
    , contributor
    Comments (17) | Send Message
     
    Maybe they can settle their debts with dogecoins.
    28 Feb 2014, 08:36 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (9366) | Send Message
     
    Gold and Silver NEVER go bankrupt.
    28 Feb 2014, 08:38 AM Reply Like
  • Ben Hanson
    , contributor
    Comments (496) | Send Message
     
    I admit to not seeing the point of gold (at least, not in my portfolio, since I'm based on investment rather than speculation), but it's like Bitcoin exists to make Gold look better in my eyes.
    28 Feb 2014, 11:39 AM Reply Like
  • Mattster
    , contributor
    Comments (164) | Send Message
     
    I think back when the ceo got busted for drugs was a good sign to get out, no sympathy for the bagholders
    28 Feb 2014, 09:07 AM Reply Like
  • mpow
    , contributor
    Comments (60) | Send Message
     
    There is no CEO for Bitcoin. Bitcoin is only a protocol like Http is for the internet.
    28 Feb 2014, 11:58 AM Reply Like
  • Hendershott
    , contributor
    Comments (1609) | Send Message
     
    Was therre ever a better hacking target?
    28 Feb 2014, 10:16 AM Reply Like
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