The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo58° Mostly Clear

Tuesday

Hi79° Sunny

Tuesday Night

Lo53° Mostly Clear

Wednesday

Hi78° Sunny

Wednesday Night

Lo53° Partly Cloudy

Thursday

Hi76° Mostly Sunny

Thursday Night

Lo48° Mostly Cloudy

Friday

Hi70° Slight Chance Showers then Partly Sunny

Friday Night

Lo46° Mostly Cloudy

Saturday

Hi64° Slight Chance Showers

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.

The…

View my options or Sign in