The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi102° Hot

Tonight

Lo71° Clear

Tuesday

Hi102° Hot

Tuesday Night

Lo71° Mostly Clear

Wednesday

Hi98° Hot

Wednesday Night

Lo70° Mostly Clear

Thursday

Hi100° Hot

Thursday Night

Lo70° Mostly Clear

Friday

Hi99° Slight Chc Thunderstorms

Friday Night

Lo71° Slight Chc Thunderstorms

Bitcoin exchange seeks bankruptcy protection

Send to Kindle
Print This

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

The exchange’s CEO Mark Karpeles appeared on Japanese TV, bowing deeply. He said a weakness in the exchange’s systems was behind a massive loss of the virtual currency involving 750,000 bitcoins from users and 100,000 of the company’s own bitcoins. That would amount to about $425 million at recent prices.

View my optionsorSign in