After weeks of speculation over its financial health, the beleaguered Bitcoin exchange Mt. Gox has filed for bankruptcy protection. A company lawyer made the announcement at an impromptu news conference held at Tokyo District Court, according to The Wall Street Journal . Mt. Gox says it has ¥6.5 billion ($63.9 million) in liabilities at present.
Mt. Gox suspended Bitcoin withdrawals in early February, ultimately blaming a transaction bug that could have led to theft. The exchange went offline altogether on Monday amid reports that 744,000 bitcoins had been stolen. Authorities in the US and Japan are now looking into Mt. Gox's business, it emerged this week.
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