Website of Bitcoin Exchange Mt. Gox Offline Amid Theft Reports

Tuesday, Feb 25, 2014  |  Updated 6:27 AM PDT
View Comments (
)
|
Email
|
Print
Website of Bitcoin Exchange Mt. Gox Offline Amid Theft Reports

Bloomberg via Getty Images

Kolin Burges, right, and another Mt. Gox customer hold placards while protesting outside a building housing the headquarters of Mt. Gox and its parent company Tibanne Co. in Tokyo, Japan, on Tuesday, Feb. 25, 2014. Mt. Gox, the Bitcoin exchange that halted withdrawals this month, went offline as industry peers distanced themselves from the Tokyo-based company in an effort to defend the virtual currency. Photographer: Kiyoshi Ota/Bloomberg via Getty Images

advertisement

One of bitcoin's major exchanges went offline on Tuesday morning amid fears that it is on the verge of bankruptcy. The Japan-based Mt. Gox's website turned up blank on Tuesday and trading on it had be halted. Documents allegedly leaked from the company and published on a blog says that 740,000 bitcoins are missing from Mt. Gox, which translates to hundred of millions of dollars in losses, according to The Associated Press. Customers have been unable to withdraw their bitcoins, a virtual currency, or convert them into U.S. dollars since the beginning of February. The site's disappearance follows Mt. Gox CEO Mark Karpeles' resignation from the board of the Bitcoin Foundation.

Get More at NBC News
Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Bay Area Proud
Bay Area Proud is NBC Bay... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out