### *MtGox is under threat of liquidation after it fell victim to an apparent digital heist in February in which $480m disappeared*
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MtGox, formerly the world’s biggest bitcoin exchange, is the subject of a rescue attempt from a group of investors who want to save it from liquidation.
Tokyo-based MtGox dealt a severe blow to bitcoin’s reputation when it fell victim to an apparent digital heist in February in which $480m (£286m) worth of the virtual currency disappeared. The exchange is under threat of liquidation after a Tokyo court dismissed an attempt to resuscitate the business this week, triggering a last-ditch attempt to save the platform.
“We need your help to stop a liquidation, which would be good neither for MtGox creditors nor bitcoin’s reputation with the general public and regulators,” wrote the investors on the Save Gox website.
The company had 127,000 customers at the time of its closure, and each of them is now a creditor with little hope of recovering all the money they lost. The Save Gox group is attempting to halt the liquidation by reviving the exchange… Read more at The Guardian.