Head of troubled bitcoin exchange still in Japan

[marvinsacco]

Source: The Guardian

YURI KAGEYAMA

AP Business Writer= TOKYO (AP) — The head of troubled bitcoin exchange Mt. Gox says in a web post that he is still in Japan, and "working very hard" to find a solution to the Tokyo-based organization's problems.

The exchange has suspended trading amid accusations it suffered a catastrophic theft and its website went blank Tuesday, sparking speculation that it has collapsed.

Bitcoin, created in 2009, is an online currency that allows people to make transactions across borders without involving third parties such as banks or credit card issuers.
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Tokyo-based Mt. Gox was one of the world's biggest exchanges for bitcoins.

Read more: http://www.theguardian.com/world/feedarticle/11220966

[MADem]

1. That's just a ruse, a stop-off on his way to the island paradise where the

"late" (cough) Ken Lay is hiding out, working on his tan....!

They're holding a room for Dick Cheney, too, just in case he needs to do a runner as well...!

... but hey, it could happen!!

[ffr]

2. Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack

Mt. Gox, once the world’s largest bitcoin exchange, has gone offline, apparently after losing hundreds of millions of dollars due to a years-long hacking effort that went unnoticed by the company. Wired.com

This is worse than any prior reporting. Bye-bye Bitcoin!

[Blue_Tires]

4. Who would steal $350m worth of such a volitile currency?

At the end of the day I'd love to know what that 350 million became in real-world payout...

[L0oniX]

3. This is just making it harder for all the bitcoin shills on DU.