Failed bitcoin exchange Mt Gox gets U.S. bankruptcy protection
Failed bitcoin exchange Mt Gox received bankruptcy protection by a US court on Tuesday as it awaits approval of a settlement with US customers and a sale of its business.
The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with US customers and a sale of its business.
Mt Gox was once the world's leading exchange for trading the digital currency, but shut its website earlier this year after saying it lost some 850,000 bitcoins - worth more than $US500 million at current prices - in a hacking attack.
Reuters
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