Investors aim to 'save' bitcoin exchange Mt. Gox

Share this article:

A group of investors are now attempting to “save” bitcoin exchange Mt. Gox, which faces liquidation of its assets in Japan.

This week, SaveGox.com was erected to rehabilitate the exchange, which was recently denied bankruptcy protection in Japan after hackers took advantage of weaknesses in its computer system to steal hundreds of thousands of bitcoins in March.

Investors have asked those who lost bitcoin at Mt. Gox to aid in the effort, which includes conducting an audit to determine “the true status of each customer's balance,” the newly launched website said. The initiative would help users recoup losses as a result of the incident.

Earlier this month, a U.S. bankruptcy judge ordered Mt. Gox CEO Mark Karpeles to appear in the country for questioning regarding the exchange's pending case. Karpeles has so far refused the demand.

Share this article:

Sign up to our newsletters

More in News

Report: UK police push for required mobile phone PWs

The Metropolitan Police have reportedly lobbied for two years to enact the standard.

JPMorgan Chase customers targeted in massive phishing campaign

JPMorgan Chase customers targeted in massive phishing campaign

Roughly 500,000 emails have been sent out so far as part of a massive multifaceted phishing campaign targeting customers of JPMorgan Chase.

Study: Organizations lack training, budget to thwart insider threats

Study: Organizations lack training, budget to thwart insider ...

Of the 355 IT and security professionals surveyed, a majority indicated that they were ill-equipped to thwart a possible insider threat.