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Bitcoin exchange looks into criminal complaint

March 3, 2014 • Business


FILE – In this Feb. 28, 2014 file photo, Mt. Gox CEO Mark Karpeles, sitting at second right, attends a press conference at the Justice Ministry in Tokyo. The Tokyo bitcoin exchange Mt. Gox that filed for bankruptcy protection blamed theft through hacking for its losses Monday, March 3, 2014, and said it was looking into a criminal complaint.(AP Photo/Kyodo News, File) JAPAN OUT, MANDATORY CREDIT

TOKYO (AP) — The Tokyo bitcoin exchange that filed for bankruptcy protection blamed theft through hacking for its losses Monday, 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.

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