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The failure is complete: One-time Bitcoin king Mt. Gox is bankrupt


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Guest Brad Reed
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Who would thought that a former online Magic Card market wouldn't be a safe place to invest your money? The Wall Street Journal reports that Mt. Gox, which until last week had been the world's largest Bitcoin exchange, has filed for bankruptcy. Mt. Gox admitted on Friday that it had lost around 750,000 of its customers' Bitcoins along with 100,000 of its own Bitcoins, which the Journal estimates all have a combined worth of $473 million.

 

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Via BRG - Boy Genius Report

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