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Failed Bitcoin Exchange Mt Gox Gets U.S. Bankruptcy Protection

The failed Tokyo-based bitcoin alternate, Mt Gox, acquired court docket approval on Tuesday to start Chapter 15 chapter proceedings within the United States, because it awaits approval of a settlement with U.S. clients and a sale of its enterprise. Mt Gox was as soon as the world’s main alternate for buying and selling the digital forex, however shut its web site earlier this yr after saying it misplaced some 850,000 bitcoins, value greater than $500 million at present costs in a hacking assault.

http://feeds.reuters.com/~r/reuters/technologyNews/~3/SgaLg3jFSMM/story01.htm
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