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Mt. Gox exchange blames hackers for huge bitcoin losses, files for bankruptcy – economy

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Bad news for some bitcoin holders. Mt. Gox, once the world’s biggest exchange for the virtual currency, says it has “lost” around 350 million euros worth of them.

Mt. Gox Chief Executive Mark Karpeles blamed the loss on hacking into its faulty computer system.

He spoke as the exchange filed for bankruptcy protection from its creditors in Japan.

Wearing a suit instead of his customary T-shirt, Karpeles bowed in contrition and apologised in Japanese at a news conference at the Tokyo District C…
READ MORE : http://www.euronews.com/2014/02/28/mt-gox-exchange-blames-hackers-for-huge-bitcoin-losses-files-for-bankruptcy

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