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Bitcoin exchange Mt Gox goes offline; might relaunch later this year

Bitcoin exchange Mt Gox has stopped operations and according to a leaked document 744,408 Bitcoin worth $375 million are missing due to malleability-related theft which went unnoticed for several years. This comes days after the company's CEO Mark Karpeles resignation from the Bitcoin Foundation board. According to the same document, Mt Gox will be relaunched under a new name later this year after fixing several issues that has been facing for the past several months. It will also have a new leadership team headed by a different CEO and will try to recover the stolen Bitcoins. The latter part will be very difficult considering the way crypto-currencies work, but it'll be an achievement if they manage that. * Update: The company has issued the following statement on the website Dear MtGox Customers, In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly. Best regards, MtGox Team * Mt Gox had halted withdrawals last month citing some bugs in Bitcoin code and was criticised by all the other companies dealing with the virtual currency as this vulnerability did not affect the operations of any other exchange. The exchange has been facing issues since November when transactions were being delayed by weeks and around the same time the company was frozen out of the US banking…

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