“Mt. Gox is officially filing for bankruptcy protection with an outstanding debt of ¥6.5bn ($63.6m), finally admitting openly that 750,000 of its bitcoins and 100,000 of the company’s own have been lost. The exchange’s lawyer announced the news during a conference at the Tokyo District Court. CEO Mark Karpeles, wearing a suit and tie, bowed deeply in the tradition of disgraced Japanese business leaders fronting the media. Assets include $5m ‘held by CoinLab‘ and another $5.5m ‘held by the DHS‘. The Department of Homeland Security seized that amount from Mt. Gox’s US accounts in mid 2013, claiming it had not registered properly as a money transmission business.”
http://www.coindesk.com/mt-gox-files-bankruptcy-claims-63-6m-debt/
Related posts:
Who Says the Market Cannot Supply Its Own Money?
U.S. Banks Buy Gold Futures in Dramatic Position Change
Demand A Real Plan
Impeachment: Congress Fires Opening Shot Across Obama’s Bow.
Researchers demonstrate first backdoor "hack" into the human brain
Oakland’s creepy new surveillance program
With Italy's Election, the EU Chasm Grows
3,200 Americans Serving Life Without Parole for Nonviolent Offenses
South Korea Toughens Up Rules On Overseas Accounts
Dzhokar Tsarnaev’s Throat Wound: Another Government Lie Bites the Dust
"Due To Popular Demand" Goldman Starts Covering Bitcoin
Latin American Exec: Employees Could Earn 5% More with Bitcoin
How Dogecoin changed my perspective on cryptocurrency
Airbnb Pressured Into Starting To Collect Hotel Taxes In San Francisco
Economist Recommends 'E-Dollar' That Loses 5% Of Its Value Per Year