Mt. Gox, the controversial Bitcoin exchange that saw its service hacked and cryptocurrency stolen from its users, has filed for bankruptcy protection in the United States.
The company on Sunday filed for Chapter 15 bankruptcy protection in the US, Market Watch reported, citing court filings. Chapter 15 bankruptcy protection is designed for insolvent companies operating internationally. It was instituted in 2009 to provide companies in other countries the benefits of the US court system.
Mt. Gox has been the focus of controversy, most recently following its admission that a security hole left the service open to a hack that led … Read more