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Chapter 15 Bankruptcy Tokyo based ruined bitcoin exchange, MtGox, has filed for Chapter 15 bankruptcy in the United States. The action took place on Sunday, March 9th. Under the United States law, “The purpose of Chapter 15, and the Model Law on which it is based, is to...

MtGox Files for Bankruptcy MtGox has revealed that it was going to file for bankruptcy protection. About 750,000 of its customers’ bitcoins and 100,000 of its own have been lost. The market value of this damage is tremendous. It totals to about $473 million in losses. This news...