Website of Bitcoin exchange Mt. Gox offline amid reports of theft
TOKYO - The website of major Bitcoin exchange Mt. Gox is offline Tuesday amid reports it suffered a debilitating theft of the virtual currency.
The URL of the Tokyo-based Mt. Gox was returning a blank page. The disappearance of the site follows the resignation Sunday of Mt. Gox from the board of the Bitcoin Foundation, a group seeking legitimacy for the currency.
Separately, several Bitcoin exchanges released a joint statement saying that funds under their control are held securely.
The Bitcoin operators said they are working to "re-establish the trust squandered" by the failings of Mt. Gox, which should not be considered a reflection of the value of Bitcoin or the digital currency industry.
A "crisis strategy" report shared widely online that purports to be an internal Mt. Gox document says more than 740,000 Bitcoins are missing from the exchange, which froze withdrawals earlier this month.
The cloud hanging over Mt. Gox is a possibly fatal blow to Bitcoin. Supporters of the virtual currency have said its cryptography makes it immune to theft or counterfeiting.
The virtual currency had been inching toward broader acceptance despite wild swings in value.
Read more Business News
- Fruit processing plant fireVernon / N. Okanagan - 10:10 am
- Not as prepared as we thinkCentral Okanagan - 5:00 am
- Gangsters told to beat itKelowna - 5:00 am
- Highway re-openedBC - 11:12 am
|QHR Technologies Inc||1.18||+0.03|
|Anavex Life Sciences||0.33||-0.018|
|Copper Mountain Mining||2.81||+0.12|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.19||+0.01|
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...
Big Picture Euro debt woes re-emerge Europe’s debt woes jumped back into the headlines this week trumping other economic, geopolitical and corporate developments. Word that one of Portugal&rsquo...