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Bitcoin Exchange Down Indefinitely

Mt. Gox, an online exchange for the virtual currency, goes offline without warning or explanation; customers wonder whether bitcoins they purchased will ever be retrievable.

By Carter Dougherty and Pavel Alpeyev, Bloomberg | Updated on February 25, 2014

Mt. Gox, the Tokyo-based bitcoin exchange that halted withdrawals this month, went offline as a document surfaced alleging long-term theft of about $365 million in the digital currency.

A document posted online that appeared to be an internal strategy paper said unidentified thieves stole 744,408 bitcoins from the exchange—about $365 million at current rates—and that the theft “went unnoticed for several years.”

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