Failed Bitcoin Exchange Mt Gox Gets U.S. Bankruptcy Protection - Presented by: The Aol. On Network

The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States, as it awaits approval of a settlement with U.S. customers and a sale of its business. Mt Gox was once the world's leading exchange for trading the digital currency, but shut its website earlier this year after saying it lost some 850,000 bitcoins, worth more than $500 million at current prices in a hacking attack.



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