
Mt. Gox Allegedly Loses $350m in Bitcoin (744,400 BTC), A document has surfaced suggesting that troubled Japan-based bitcoin exchange Mt. Gox
will close for one month as part of a four-step rebranding plan, and
that CEO and former Bitcoin Foundation board member Mark Karpeles will
step down from his executive position as part of the process.
The bitcoin price has been tumbling all morning amid the news, hitting a low of $419 so far.
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