Bitcoin, the digital currency which many have speculated was conceived by the NSA nearly
two decades ago and was used as a honeypot to trap the gullible. Well
they need look no further. Mt.Gox which after halting withdrawals for
the second (and final time) has finally done the honorable thing, and
filed for bankruptcy.
As the WSJ reports,
“Bitcoin exchange Mt. Gox said Friday it was filing for bankruptcy
protection after losing almost 750,000 of its customers’ bitcoins,
marking the collapse of a marketplace that once dominated trading in the
virtual currency.
The company said it also lost
around 100,000 of its own bitcoins. Together, the lost bitcoins would be
worth approximately $473 million at market prices charted by the
CoinDesk bitcoin index, although the price of Mt. Gox bitcoin had fallen
well below that index after it stopped bitcoin withdrawals in early
February.”