Business

Japanese Bitcoin Exchange Files US Bankruptcy Case In Dallas

View Comments
(Photo by George Frey/Getty Images)

(Photo by George Frey/Getty Images)

From Our CBS Music Web Sites

453641528 10 Japanese Bitcoin Exchange Files US Bankruptcy Case In DallasAdorbale Baby Animals To Put A Smile On Your Face

christmas on kluv dl Japanese Bitcoin Exchange Files US Bankruptcy Case In DallasListen To Christmas Music

176461204 10 Japanese Bitcoin Exchange Files US Bankruptcy Case In DallasWomen With Santa

 alt=Musicians Then And Now II

452359780 10 Japanese Bitcoin Exchange Files US Bankruptcy Case In DallasMissing Summer?

sx Japanese Bitcoin Exchange Files US Bankruptcy Case In Dallas Victoria's Secret Fashion Show

DALLAS, Texas (AP) – The Mt. Gox bitcoin exchange that recently collapsed in Japan has filed for U.S. bankruptcy protection to shield itself from a lawsuit seeking to repay thousands of people whose digital currency is now missing.

The U.S. filing made in Dallas late Sunday supplements a bankruptcy petition that Mt. Gox submitted in Japan at the end of last month.

Mt. Gox was once the world’s largest exchange specializing in bitcoins, but now finds itself in a financial mess after losing about 850,000 bitcoins valued at $473 million, according to court documents.

Although it’s based in Tokyo, Mt. Gox is opening a bankruptcy case in the U.S. in an attempt to delay a recent federal lawsuit filed in Illinois on behalf of all U.S. residents burned by the exchange’s abrupt demise.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

View Comments