(Advertisement)

Bitcoin firm files for bankruptcy

Currency missing from exchange is valued at $425 million

Posted: March 1, 2014 at 2:13 a.m.

A model demonstrates a bitcoin ATM on Friday at the opening of the world’s first bitcoin retail store in Hong Kong, which opened despite recent scrutiny of the virtual currency.

The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday, and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.

This story is only available from our archives.

Business, Pages 31 on 03/01/2014

(Advertisement)



« Previous Story

Foreclosed LR hotel fetches $5 million

Al Rajabi, a partner at Full Service Hospitality LLC of San Antonio, made the winning bid of $5 million for the Clarion Hotel Medical Center on University Avenue in Little ... Read »

Next Story »

Plumb possible

This undated photo shows the creation of a DIY bookshelf with multiple pipes attached to the flanges on the three levels of a book shelf. Industrial-style shelving units and tables made from planks of wood and plumbing parts are gorgeous and trendy, and can cost thousands of dollars. But creating custom-designed, industrial furniture yourself is surprisingly easy. (AP Photo/Ted Anthony)

I started by shopping, assuming the only way I could have an industrial-style bookcase was by paying a hefty s... Read »