The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi73° Slight Chance T-storms

Tonight

Lo53° Mostly Cloudy

Saturday

Hi72° Slight Chance Showers

Saturday Night

Lo51° Partly Cloudy

Sunday

Hi75° Mostly Sunny

Sunday Night

Lo51° Partly Cloudy

Labor Day

Hi78° Mostly Sunny

Monday Night

Lo53° Mostly Clear

Tuesday

Hi81° Mostly Sunny

Tuesday Night

Lo57° Mostly Clear

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 options or Sign in