Mt. Gox is officially filing for bankruptcy protection with an outstanding debt of ¥6.5bn ($63.6m).
The exchange’s lawyer announced the news during a conference at the Tokyo District Court late on Friday afternoon, Japan time.
It’s not mentioned if the $63.6m debt figure includes any bitcoin value, or just what Gox owed in fiat currency. If bitcoin losses are as great as the 744,408 mentioned in the leaked report (a document since described by CEO Mark Karpeles himself as “more or less” true) then it would probably do best to stick to the notion that bitcoins have no value under current law.
February 28, 2014 at 11:33AM
