Mt. Gox faces liquidation as recovery plans scrapped

A Japanese court-appointed administrator is now in control of Mt. Gox following an unsuccessful attempt to save the business. The Bitcoin exchange filed for bankruptcy in February after losing 850,000 Bitcoins, though it later found around a quarter…

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/F-IJsCw242E/
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