Bitcoin firm 'hacked in virtual bank heist' goes bankrupt leaving NO prospect of investors getting back hundreds of millions of pounds
The Mt Gox bitcoin exchange in Tokyo filed for bankruptcy protection today as its chief executive revealed that 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.
The exchange's CEO Mark Karpeles appeared before Japanese TV news cameras, bowing deeply for several minutes.
He said a weakness in the exchange's systems was behind a massive loss of the virtual currency - which some believe has been stolen - involving 750,000 bitcoins from users and 100,000 of the company's own supply.
That would amount to about $425 million at recent prices.
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