|Mt. Gox's bankruptcy filing is a major blow to the Bitcoin|
Mark Karpeles, the CEO of Mt. Gox, said that a weak point in the exchange's systems was responsible for the loss of Bitcoins, 750,000 of which belonged to users and another 100,000 which belonged to the exchange itself.
It is still not known whether the Bitcoins were stolen or voided by technological errors.
Mt. Gox's demise is a major setback for Bitcoin and its proponents, which tout the currency as safe and secure. Even with this latest setback, the movement for Bitcoin is still growing, with a growing number of ATMs and retailers accepting the currency.
One Bitcoin today is worth about $500, down from $1200 per Bitcoin in December.