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Japan probing bitcoin exchange after huge reported theft

Published on Feb 26, 2014 6:25 PM
 
Kolin Burges, a self-styled cryptocurrency trader and former software engineer from London, holds a placard to protest against Mt. Gox, in front of the building where the digital marketplace operator was formerly housed in Tokyo on Feb 26, 2014. Japanese authorities were on Wednesday probing the troubled MtGox bitcoin exchange after claims of a multi-million dollar theft from its digital vaults, as US prosecutors reportedly served a subpoena on the company. -- PHOTO: REUTERS

TOKYO (AFP) - Japanese authorities were on Wednesday probing the troubled MtGox bitcoin exchange after claims of a multi-million dollar theft from its digital vaults, as US prosecutors reportedly served a subpoena on the company.

The moves came the day after the website of Tokyo-based MtGox went dark, possibly heralding huge losses for investors, and sending ripples of alarm throughout the global community of digital currency adopters.

"I understand that ministries and agencies concerned - financial services, police and the finance ministry - are looking into the matter to learn the full scope of the issue," Japan's Chief Cabinet Secretary Yoshihide Suga, told reporters.

"Once we have full knowledge of what happened, we will take action if necessary," he said.

 
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