Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > Japanes...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 16, 2014
Japanese Court Rejects Mt Gox Bankruptcy Protection Application


Bitcoin exchange Mt. Gox will be finally liquidated after a Tokyo court dismissed the company's bid to be protected through a bankruptcy application.

CEO Mark Karpeles is also likely to be investigated for liability in the collapse of the Tokyo-based firm, the provisional administrator, lawyer Nobuaki Kobayashi, said in a statement published on the Mt. Gox website.

"The Tokyo District Court recognized that it would be difficult for the company to carry out the civil rehabilitation proceedings and dismissed the application for the commencement of the civil rehabilitation proceedings," he said.

Mt. Gox filed for bankruptcy protection from creditors in Japan in late February, saying it may have lost some 850,000 bitcoins ($454 million) due to hacking into its computer system. It later said it had found 200,000 of those bitcoins.

An administrator will try to sell the company's assets and many creditors, including those who had bitcoins with the exchange, are unlikely to get any money back.

Bitcoins were created in 2009 by a mysterious figure or group known as Satoshi Nakamoto and are used for transactions across borders without third parties such as banks.




Previous
Next
Lenovo Introduces A to Z and FLEX 2 series Of Laptops and Desktops        All News        LaCie Warns Of Security Breech
Google Reports Lower Than Expected First Quarter revenue     General Computing News      LaCie Warns Of Security Breech

Get RSS feed Easy Print E-Mail this Message

Related News
BitPay and PayPal Announce Bitcoin Integration
DISH To Start Accepting Bitcoin
MtGox Allows Users To Check Their Wallets
FINRA Issues Alert On Bitcoin Risks
Bitcoin Bank Closes After Hackers' Attack
Bitcoin Exchange Mt. Gox Files For Bankruptcy
Bing Now Offers Bitcoin Conversion To Real Money
European Bank Authority Warns Consumers on Bitcoin
China Banks Not Allowed to Use Bitcoin

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .