Mt. Gox

Embattled Bitcoin exchange site MtGox has filed for bankruptcy protection in the United States under Chapter 15 of the American bankruptcy code, which is designed to aid cases where there are “debtors, assets, claimants, and other parties of interest involving more than one country.”
The site previously filed for bankruptcy protection in Japan, where its corporate offices are, at the end of February 2014.

According to court documents filed in federal court in Dallas late Sunday, CEO Mark Karpeles told the court that the company has approximately $63.9 million in liabilities and approximately $37.7 million in assets.
In the filing, Karpeles also mentioned that the company “lost” 744,408 bitcoins (around $463 million at present) due to a “defect or ‘bug’ in the Bitcoin software algorithm being exploited by one or more persons who ‘hacked’ the Bitcoin network.” He also said that the loss, combined with an additional loss of around 100,000 of the company’s own bitcoins, constituted “around seven percent of all bitcoins in the world.”

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