Bitcoin Price Plunges as Major Exchange Halts Withdrawals - Feb. 7, 2014
Bitcoin prices plunged early Friday after Mt.Gox, the major exchange for the virtual currency, said it was forced to halt withdrawals for customers.
Mt.Gox said an increase in withdrawal requests caused technical problems for its systems.
“To understand the issue thoroughly, the system needs to be in a static state,” Mt.Gox said in a statement. “We apologize for the sudden short notice.”