Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack

A coalition of bitcoin businesses — including bitcoin wallet-makers Coinbase and Blockchain — quickly put out a statement as news of the hack spread. “This tragic violation of the trust of users of Mt. Gox was the result of one company’s abhorrent actions and does not reflect the resilience or value of bitcoin and the digital currency industry,” they said. “There are hundreds of trustworthy and responsible companies involved in bitcoin.”

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