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.

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Business, Pages 31 on 03/01/2014


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