Mt.Gox LogoA shocking bit of news has been circulating the web this morning. Mt Gox, the BitCoin marketplace, has shut down all points of contact online as they go into PR crisis mode and unofficially confirm their pending bankruptcy. The reason? Over $375 million potential BitCoins lost in a theft.

The news of a potential theft was released a week ago, but nothing was confirmed and the source wasn’t clear. Now unverified reports of over 750,000 lost BitCoins have surfaced, and the sudden shutdown of Mt. Gox appears to confirm it.

+Continue Reading