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Mt. Gox’s collapse, it would seem, will forever haunt bitcoin history for leaving such a bad taste in many investor’s mouths. The once giant Japanese bitcoin exchange is no more, and it will proceed with the bankruptcy process. File Claims by November Creditors who...

Once upon a time, there was a behemoth of a Bitcoin exchange called MtGox. It quickly grew to become one of the largest Bitcoin exchanges, and just as soon fell to become one of the most despised ones. Claiming to have lost a total of 850,000 bitcoins, MtGox declared bankruptcy...

According to a recent announcement, failed Bitcoin exchange, MtGox, has finally been given the O.K to proceed with bankruptcy. The Tokyo District Court released an order for MtGox to start its bankruptcy proceedings. Nobuaki Kobayashi, an attorney, has been assigned the role as...

Even before MtGox declared bankruptcy protection, the ex-Bitcoin exchange was having internal problems. In fact, two years before filing for bankruptcy, around six employees challenged MtGox CEO Mark Karpeles about the details of their clients’ money. The employees wanted...