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Mt. Gox files for US bankruptcy protection

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Reuters
Last Updated : Mar 10 2014 | 11:46 PM IST
Mt. Gox, once the world's largest bitcoin exchange, filed for US Bankruptcy in Dallas late Sunday, a move that will temporarily put US legal action on hold against the Japanese company. The company said without US bankruptcy protection it would spend substantial funds defending itself against a US lawsuit seeking class action status that was filed in Chicago federal court.

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First Published: Mar 10 2014 | 11:46 PM IST

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