Friday, January 27, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Enterprise

Mt Gox Bitcoin Exchange Files For Bankruptcy, Admits RM 1.57 Billion Worth of Bitcoins Are Gone

by Chief Chapree
February 28, 2014
Share on FacebookShare on Twitter

Mt. Gox CEO, Mark Karpeles

Many have been expecting for worst when the website of the famed Bitcoin exchange Mt Gox  went offline earlier this week and true enough, the company has since filed for bankruptcy protection. The filing and the subsequent announcement was made in Japan – where the company is based at – earlier today.

Truth to be told, things have been looking quite shaky for Mt. Gox since it suddenly halted all Bitcoin withdrawals earlier this month. In today’s announcement, the company’s lawyers have stated that around 750,000 Bitcoins that belonged to customers are gone alongside the company’s own 100,000 Bitcoins.

ADVERTISEMENT

Said to be due to weaknesses in their system, the missing Bitcoins altogether worth around USD 480 million (RM 1.57 billion). The company didn’t provide any details on its next move after the filing but in general, we don’t think customers who have lost their Bitcoins in this fiasco will ever see those digital money again.

[Source: Reuters. Image: CoinDesk by Tomohiro Ohsumi/Bloomberg via Getty Images]

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: Bitcoin Exchangebitcoin exchange closurebitcoin theftMt Goxmt gox closure
Back to top
Share1Tweet1SendShare

RELATED ARTICLES

Cryptocurrency

Cryptoexchange Claims It Can Recover 90 Percent Of Bitcoin Held In Mt. Gox

by John Law
January 19, 2021
Computing

Mt Gox Files For Liquidation, Abandons Plans To Rebuild

by Farhan
April 16, 2014
Enterprise

Mt. Gox Discovered Some of The Missing Bitcoins, Worth More Than RM 380 Million

by Chief Chapree
March 21, 2014
Hardware

Hackers Uncover Alleged Evidence Of Mt Gox Fraud

by Farhan
March 10, 2014
Load More

ADVERTISEMENT

LOWYAT.TV

No Result
View All Result

TRENDING TODAY

  1. 1
    Fintech

    Touch ‘n Go To Be Scrutinise By KPDN’s Task Force Soon

  2. 2
    Entertainment

    Malaysia’s First IMAX With Laser Hall Is Now Open At GSC IOI City Mall East

  3. 3
    Automotive

    The First TNB Electron DC Fast Chargers Are Now Operational

  4. 4
    Fintech

    Touch ‘n Go To Provide Clarification Regarding Visa Card Issues To Government

  5. 5
    Enterprise

    Mt Gox Bitcoin Exchange Files For Bankruptcy, Admits RM 1.57 Billion Worth of Bitcoins Are Gone

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to improve your experience. Learn More.