Mt. Gox, the Tokyo-based bitcoin exchange that suddenly declared bankruptcy in February after allegedly losing about half a billion dollars to hackers, signaled in a recent announcement that it will most likely proceed to liquidation.
Mt. Gox announced today that it has asked Japanese police for advice on what do about the 750,000 bitcoins — worth roughly half a billion dollars — that they claim were stolen by hackers.
Mt. Gox, the once-dominant trading platform for the bitcoin cryptocurrency, today said it has stopped all transactions "for the time being in order to protect the site and our users."
