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 Bitcoin exchange MtGox in administration

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RR Phantom

RR Phantom

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Bitcoin exchange MtGox in administration Vide
PostSubject: Bitcoin exchange MtGox in administration   Bitcoin exchange MtGox in administration Icon_minitimeThu Apr 17, 2014 2:30 am

Failed Bitcoin exchange MtGox has been placed in administration by a Japanese court, with an order for bankruptcy expected to be issued soon, its administrator and chief executive says.

Bitcoin exchange MtGox in administration 1_wide-mt-gox-Mark-Karpeles-620x349

"The Tokyo District Court decided today to dismiss the application for commencement of a civil rehabilitation and at the same time, an order for Provisional Administration was issued," a statement on Wednesday from CEO Mark Karpeles said.

"Attorney-at-law Nobuaki Kobayashi (Supervisor and Examiner under the Civil Rehabilitation Procedure) was appointed Provisional Administrator,"

The move means Karpeles, the controversial founder of what was at one time the world's biggest trading place for the virtual currency, will cede control of the company to Kobayashi.

Read more: http://www.smh.com.au/business/world-business/bitcoin-exchange-mtgox-in-administration-20140417-36sp2.html#ixzz2z7f1qzKf
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