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The best 5-year fixed mortgage rates in Canada + MORE Jan 7th
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The best GIC rates in Canada for 2025 May 5th
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At midday: TSX dragged lower as financials lead declines; energy gains Jul 18th
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Mt. Gox bitcoin exchange looks into criminal complaint, blames theft by hacking for bankruptcy
– canadianbusiness.com
TOKYO – 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.
“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 rumours of its insolvency swirled, adding to doubts about the viability of bitcoins overall. Its woes are a setback for bitcoin, a virtual currency that has grown in popularity since its 2009 creation as a way to make transactions across borders without third parties such as banks.
Bitcoin has also become a highly speculative form of investing…
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 rumours of its insolvency swirled, adding to doubts about the viability of bitcoins overall. Its woes are a setback for bitcoin, a virtual currency that has grown in popularity since its 2009 creation as a way to make transactions across borders without third parties such as banks.
Bitcoin has also become a highly speculative form of investing…
