← RETURN TO THE CHAIN
February 28, 2014Crises & controversyFailures & lossesdocumented

Mt. Gox files for bankruptcy protection

Mt. Gox sought bankruptcy protection in Japan after reporting that approximately 850,000 BTC were missing.

The total initially included about 750,000 customer bitcoins and 100,000 company bitcoins; 200,000 BTC were later reported found in an old wallet. Creditors entered a long rehabilitation process, while research challenged the company’s original explanation of widespread transaction-malleability theft.