{"id":3017,"date":"2014-02-28T08:09:24","date_gmt":"2014-02-28T13:09:24","guid":{"rendered":"https:\/\/wncen.com\/?p=3017"},"modified":"2020-10-07T11:39:38","modified_gmt":"2020-10-07T11:39:38","slug":"mt-gox-files-bankruptcy-loses-millions-dollars-worth-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/mt-gox-files-bankruptcy-loses-millions-dollars-worth-bitcoin\/","title":{"rendered":"Mt. Gox Files For Protection, Loses Millions of Dollars Bitcoin"},"content":{"rendered":"
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This is probably the moment that many in the bitcoin community expected. Tokyo-based exchange Mt. Gox filed for bankruptcy protection on Friday in Japan. Plagued with issues over the past several months, the company goes under with\u00a0\u00a56.5 billion (or $63.6 million USD) in debt (and a bank account discrepancy of $27.4 million USD).<\/p>\n
In addition, the company — as speculated — has lost upwards of 700,000 user bitcoins and 100,000 bitcoins of their own (a figure\u00a0higher<\/em> than speculated previously) due to a security flaw in their software that allowed hackers to siphon out money over an unknown amount of time. The losses exceed $400 million USD.<\/p>\n