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MtGox Bitcoin Exchange Filed for Bankruptcy Protection

February 28, 2014

Mark Karpeles, who has not been seen in public for several days, re-emerged to tell a press conference that his firm’s digital vaults had been almost completely emptied. “We have lost Bitcoins due to weaknesses in the system,” the France-born Karpeles said in Japanese. “We are really sorry for causing trouble to all the people concerned,” he said, before bowing deeply.

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