And so begins Mt. Gox's bid for recovery, days after it filed for bankruptcy protection and acknowledge a massive loss of the virtual currency. March 2, 2014 12:27 PM PST (Credit: Bitcoin) Fresh off its filing for bankruptcy protection, Bitcoin exchange Mt. Gox is taking the first steps to set its ship aright. The Japan-based Mt. Gox said in a March 2 notice posted on its Web site that it has set up a call center to "respond to all inquiries." The brief posting, in both Japanese and English, provides a phone number and gives the hours of operation as 10 a.m. to 5 p.m. Japan time, Monday through Friday. (That works out to 5 p.m. to midnight PT, Sunday through Thursday.) Related posts Friday Poll: Should Bitcoin be banned? Bitcoin losses spur Mt. Gox to bankruptcy filing Fed chief Yellen: No power to regulate Bitcoin Bitcoin exchanges reportedly served with subpoenas Sen. Manchin demands complete US ban on Bitcoin The call center is set to go into operation Monday, March 3. The posting calls the notice an "announcement regarding an application for commencement of a procedure of civil rehabilitation," which sounds like a very bureaucratic way of saying that Mt. Gox's call center is phase one of the Bitcoin exchange's hoped-for recovery. Mt. Gox made its bankruptcy filing Friday, as CEO Mark Karpeles acknowledged a massive loss of bitcoins -- 100,000 of its own, and nearly 750,000 belonging to its customers -- with total value approaching $500 million. Karpeles said that flaws in the company's computer systems allowed hackers to siphon off the large volume of the virtual currency. Mt. Gox has $63.6 million in debt, about twice what it has in assets. (Via Ars Technica.)
And so begins Mt. Gox's bid for recovery, days after it filed for bankruptcy protection and acknowledge a massive loss of the virtual currency.
Fresh off its filing for bankruptcy protection, Bitcoin exchange Mt. Gox is taking the first steps to set its ship aright.
The Japan-based Mt. Gox said in a March 2 notice posted on its Web site that it has set up a call center to "respond to all inquiries." The brief posting, in both Japanese and English, provides a phone number and gives the hours of operation as 10 a.m. to 5 p.m. Japan time, Monday through Friday. (That works out to 5 p.m. to midnight PT, Sunday through Thursday.)
Related posts
- Friday Poll: Should Bitcoin be banned?
- Bitcoin losses spur Mt. Gox to bankruptcy filing
- Fed chief Yellen: No power to regulate Bitcoin
- Bitcoin exchanges reportedly served with subpoenas
- Sen. Manchin demands complete US ban on Bitcoin
The call center is set to go into operation Monday, March 3.
The posting calls the notice an "announcement regarding an application for commencement of a procedure of civil rehabilitation," which sounds like a very bureaucratic way of saying that Mt. Gox's call center is phase one of the Bitcoin exchange's hoped-for recovery.
Mt. Gox made its bankruptcy filing Friday, as CEO Mark Karpeles acknowledged a massive loss of bitcoins -- 100,000 of its own, and nearly 750,000 belonging to its customers -- with total value approaching $500 million.
Karpeles said that flaws in the company's computer systems allowed hackers to siphon off the large volume of the virtual currency.
Mt. Gox has $63.6 million in debt, about twice what it has in assets.
(Via Ars Technica.)
