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
- Teachers disheartenedKelowna
- Bank draft fraudKelowna - 6:37 am
- Festival time is here againCentral Okanagan - 7:15 am
- Scotland: change in the windWorld - 5:59 am
|QHR Technologies Inc||1.40||+0.08|
|Anavex Life Sciences||0.224||-0.0021|
|Copper Mountain Mining||2.61||-0.07|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.30||0.00|
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...