MtGox filed for bankruptcy Friday and said 850,000 bitcoins are missing as a result of a hack. Other exchanges have managed to withstand the same vulnerability, Bitcoin insiders say.
On Friday, Mt.Gox announced it would be filing for bankruptcy after losing track of nearly 750,000 customer bitcoins as well as 100,000 of its own bitcoins, totaling a nearly $500 million loss. This is a tough blow. What does this mean for you and Bitcoin as a currency?