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, 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

Leahy bill would end bulk data collection, introduce reforms

Leahy bill would end bulk data collection, introduce ...

Sen. Patrick Leahy introduced an NSA reform bill that would update the USA Freedom Act.

House passes two cyber security bills

One bill aims to improve agencies' website security, while another works to thwart critical infrastructure attacks.

A five-month-long Tor attack attempting to 'deanonymize' users

For roughly five months beginning in January, traffic confirmation attacks were used to attempt to "deanonymize" Tor users.