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Bitcoin exchange blames hackers

on March 03, 2014 10:20 AM

TOKYO (AP) — The Tokyo bitcoin exchange that filed for bankruptcy protection blamed theft through hacking for its losses today, and said it was looking into a criminal complaint.

In an announcement posted on the Mt. Gox exchange’s website, CEO Mark Karpeles outlined the events that resulted in the company’s insolvency and said there was a “high probability” theft was behind the disappearance of bitcoins.

“We will make all efforts to ensure that crimes are punished and damages recovered,” Karpeles said.

He said Mt. Gox will try to resume business as a way of increasing repayments to its creditors.

The online exchange was unplugged early last week as rumors of its insolvency swirled, adding to doubts about the viability of bitcoins overall.

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