The Massive Bitcoin Exchange Mt. Gox Has Gone Offline

By: Michael Baxter - Feb 26, 2014
References: mtgox & businessweek
Mt. Gox is one of the biggest Bitcoin markets in the world, but recently there have been some serious issues with it. The site has shutdown leading everybody to wonder where their money is.

Bitcoin is one of the fastest growing global phenomena in the entire world. It has been adopted by big business, restaurants and even sports franchises. With this popularity came the opportunity for trading and other monetary ventures and in came Mt. Gox.

The ‘crash’ of Mt. Gox has left 740 thousand Bitcoins unaccounted for, which in USD averages out to $300 million. That’s a lot of virtual currency to just disappear out of nowhere. The incident has severely lowered the value of the currency and has also discouraged many users from using it.

According to the site a fix is in the works, but for now the money remains in technological limbo.