mtgox

Michelle Dean · 04/16/14 08:43AM

Mt. Gox, the beleaguered Bitcoin exchange, reportedly told a Tokyo court that it's giving up the ghost. It will shut down entirely and pay creditors out of what's left. That means its creditors are likely to get relatively few of their lost bitcoins (and other investments) back.

Michelle Dean · 03/28/14 12:05PM

Those waiting to learn the fate of the Bitcoins they stored with the troubled Bitcoin exchange Mt. Gox will have to wait a little longer. The investigator appointed by the Japanese bankruptcy court, who was due to report findings today, was given until May 9 to figure out what the hell happened.

Feds Seize Assets of World's Largest Bitcoin Exchange

Adrian Chen · 05/15/13 12:31PM

The problems keep coming for Mt. Gox, the world's biggest Bitcoin exchange. Just days after Gawker revealed a key business partnership had devolved into a $75 million lawsuit, the Department of Homeland Security seized a payment processing account belonging to the company, alleging it lied on financial documents.

Massive Bitcoin Business Partnership Devolves Into $75 Million Lawsuit

Adrian Chen · 05/02/13 07:17PM

Bitcoin, the virtual currency libertarian geeks expect us all to use to pay for pizza in the future, has had a rough few weeks. A series of booms and busts have sent shivers down the spines of Bitcoin enthusiasts. Now, Gawker has learned that a much-hailed partnership between two of the most prominent players in Bitcoin, Mt. Gox and CoinLab, has devolved into a nasty $75 million lawsuit, which appears to be by far the biggest Bitcoin-related lawsuit ever.

Bitcoin's Roller Coaster Day

Max Read · 04/10/13 05:00PM

Bitcoin finally crashed! And then it didn't. After two weeks in the spotlight, the anonymous techno-libertarian dweeb-currency rocketed past $250 yesterday—only to lose more than half its value over just a few hours today. Only to rally back up to around $200 again, just over the last hour or so. That's millions of dollars. Traded on a Magic: the Gathering site.