Bitcoin market Mt.Gox files for bankruptcy

[retriever]

"The company filed for bankruptcy protection at a Tokyo court on Friday with debts of 6.5 billion yen ($64 million), Japanese media reported."

"Mt.Gox was one of the world's largest bitcoin exchanges until earlier this month, when it stopped investors from withdrawing money after discovering that its trading platform was under attack by hackers."

"Mt.Gox learned Monday that 1.75 million bitcoins held by the company and its customers had disappeared, according to Teikoku Databank, a Japanese bankruptcy tracking firm."

http://money.cnn.com/2014/02/28/investing/mt-gox-bankruptcy/index.html?hpt=hp_t2

*****

I will not do any financial transactions on line. I use "Easy Line". (telephone banking).

 

[vancity_cowboy]

i'll bet you a bitcoin that mt. gox insiders absconded with the funds :nod:

 

[vancity_cowboy]

i'll bet you a bitcoin that mt. gox insiders absconded with the funds :nod:

U.S. class action over bitcoin losses names Mizuho as defendant

One of Japan's largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency.

The Japanese bank was added as a defendant on Friday to an existing lawsuit against Mt. Gox for allegedly aiding in a fraud by providing banking services to the exchange.

http://finance.yahoo.com/news/canadian-class-action-lawsuit-filed-012845696.html

now did i call that right almost two weeks ago now? mt gox insiders up for fraud! :nod:

 

[retriever]

Embattled exchange Mt.Gox said Friday that it has found 200,000 bitcoins in a "forgot

Embattled exchange Mt.Gox said Friday that it has found 200,000 bitcoins in a "forgotten" digital wallet -- a haul worth $116 million at current prices.

http://money.cnn.com/2014/03/21/technology/mt-gox-missing-bitcoin/index.html?hpt=hp_t2

 

[Sonny]

Anyone wishing to make a quick fortune is an easy mark.
The fraudsters will be there way ahead of them.