Mt. Gox Shouldn’t Stay Down…Or Should It?

Mt. Gox’s petition for bankruptcy protection during a proposed reorganization was rejected two weeks ago by a Japanese bankruptcy court. As a result, the beleaguered exchange has been ordered into liquidation. Unless or until CEO Mark Karpeles makes himself available in person to provide a deposition to courts in the United States, the same is likely to be the outcome [...]

by Bitcoin Magazine via The Bitcoin News - Decentralised Bitcoin and Crypto News