The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi102° Hot

Tonight

Lo71° Mostly Clear

Wednesday

Hi100° Hot

Wednesday Night

Lo70° Mostly Clear

Thursday

Hi99° Hot

Thursday Night

Lo71° Mostly Clear

Friday

Hi95° Slight Chc Thunderstorms

Friday Night

Lo70° Slight Chc Thunderstorms

Saturday

Hi94° Mostly Sunny

Saturday Night

Lo71° Partly Cloudy

Bitcoin exchange’s fall could doom new currency

Send to Kindle
Print This

TOKYO — A major bitcoin exchange has gone bust after secretly racking up catastrophic losses, other virtual currency companies said today — a potentially fatal blow for the exotic new form of money.

The website of Tokyo-based Mt. Gox was returning a blank page today. The disappearance of the site follows the resignation Sunday of Mt. Gox CEO Mark Karpeles from the board of the Bitcoin Foundation, a group seeking legitimacy for the currency, and a withdrawal ban imposed at the exchange earlier this month.

View my optionsorSign in