REPORT: Bitcoin exchange MTGOX insolvent - Business Insider
Mt. Gox, which until quite recently the biggest Bitcoin exchange in the world by trading volume, has closed down its website, leading some observers to suspect it is now insolvent.
[UPDATE: There are now reports that almost 750,000 bitcoins were stolen from the exchange (about $400 million) over the course of several months. In addition, the website mtgox.com has gone dark, and a new domain name, gox.com, has been registered. forbes.com ]
The Japan-based exchange, which began as a trading platform for Magic: The Gathering players, has had a series of problems since December, all the while promising to correct them and resume normal operations.
Bitcoiners yesterday noticed that a holder of Bitcoin had put close to 10,000 bitcoins (worth about $5 million) up for sale on another exchange, Bitstamp. They suspect the CEO of Mt. Gox, Mark Karpeles, was cashing in his Bitcoin.
[UPDATE 2: This document allegedly comes from someone within the Mt.Gox company, setting forth the gameplan for the future. Note that the dates in the document correspond with events in real time so far. There is as yet no confirmation or denial coming from Mt. Gox regarding the veracity of the document.]