Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead

Feb 24 2014, 10:56pm CST | by

1 Updates
Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead
 
 

YouTube Videos Comments

Recommend Your Tweet as Top Tweet:

Full Story

Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead

Mt. Gox, the one-time monarch of the Bitcoin kingdom, appears to be dead, or at least in a very serious coma. The troubled exchange for the volatile crypto-currency has been offline since at least 10:30 p.m. Eastern time on Monday. Earlier in the evening, the site was online but logins appeared to be disabled.

Mt. Gox not long ago claimed to be the largest of the online Bitcoin exchanges, but began to run into problems in the fall of last year when customers started to report long delays being able to withdraw funds from accounts. Earlier today, Mt. Gox CEO Mark Karpelès resigned his seat on the board of the Bitcoin Foundation and all tweets on the Mt. Gox Twitter account have been mysteriously erased.

Bitcoin prices on Mt. Gox had been hovering well below that of other Bitcoin exchanges, likely due to suspicions that it was nearing insolvency. Now it appears that the lights have finally gone out atop what was once one of the tallest peaks in the virtual crypto-currency range.

Business Insider also has posted a joint statement from the leaders of other Bitcoin exchanges about the situation.

I’ll continue to look into this story and update this post as I learn more. Please share any experiences you’ve had with the exchange today in the comments.

UPDATE:  This might not be the last we hear of Karpelès and his Gox-related doings. It’s being reported that he purchased the domain name Gox.com this week, which could indicate that the Bitcoin mountain will rise again under a different but similar brand.

To jack in to my brain and get more on the latest in science, tech and innovation, follow me here on Forbes, as well as on Twitter @ericcmack  and on Google+ .

Source: Forbes

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Michael Vick's Comedy Explosion Met With Protest
Michael Vick's Comedy Explosion Met With Protest
Two hours before New York Jets quarterback Michael Vick's Comedy Explosion began at the Strand in Shreveport, La. on July 12, around 100 animal rights activists staged a protest outside the venue. Vick was involved in a dog-fighting ring seven years ago.
 
 
World Cup Finals: Germany 1, Argentina 0
World Cup Finals: Germany 1, Argentina 0
In a shocking move, Germany won the World Cup in overtime when Mario Götze scored the only goal.
 
 
Waze Navigation App review
Waze Navigation App review
Waze is a social GPS (Global Positioning System) Maps and traffic system application. It is among the world’s leading traffic and navigation applications that are community-based. With Waze, you can join all drivers in your community and local area who share traffic and road information in real time. This in turn assists in the saving of time and most importantly fuel money.
 
 
CSR Racing App Review
CSR Racing App Review
CSR Racing is among the best drag racing games in the Android application store today. The game is much better than what you expect when you just have a glance at the cover, with numerous races and exceptional racing cars at your disposal as long as you have what it takes.