Mt Gox wins US bankruptcy protection
Tuesday, 11 March 2014
Troubled Japanese bitcoin exchange Mt Gox has won temporary bankruptcy protection in the US. A judge in Dallas, Texas, agreed to protect the firm's assets and temporarily halt two US lawsuits while bankruptcy proceedings occur in Japan. The firm filed for bankruptcy in Japan in February after losing about $473m worth of customers' bitcoins to what it says was a hacking attack. Mt Gox is scheduled to return to court on 1 April to extend the protections. The firm filed for Chapter 15 protection in the US late on Sunday.
The filing asks the US bankruptcy court to recognize Mt Gox's bankruptcy in Japan and protect its US assets.