MtGox files for Bankruptcy protection, "I apologize" Is all they have to say

A lawyer representing Mt. Gox has announced that the bitcoin exchange is filing for bankruptcy protection, and that the company has outstanding debt of around $63.6 million.

The announcement was made at a news conference at the Tokyo District Court,reports the Wall Street Journal. Mt. Gox, which stopped bitcoin withdrawals in early February, stopped all transactions on Tuesday amid reports that 744,000 bitcoins had been stolen.

Link to original Gizmodo artical

Link to Wallstreet Journal artical

 

Apparently, all of the bitcoins became "lost"..

"There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble"

Is all the owner of MtGox could say. 

Well, if there was any doubt about it, or any shrivel of hope that MtGox would come back for some reason, it's gone now.

Oops, be careful when you walk close to a tall building in Tokyo then, "I apologize" spoken in public in Japan usually means low flying bodies with terminal velocity...

 

The exchange's lawyer announced the news during a conference at the Tokyo District Court late on Friday afternoon, Japan time. CEO Mark Karpeles, wearing a suit and tie, bowed deeply in the tradition of disgraced Japanese business leaders 

 

http://youtu.be/epaSJ_f_rLg