Los Angeles Business Journal

Bitcoin Exchange Shuts Amid Allegations of $350 Million Hack

Tuesday, February 25, 2014

Mt. Gox, once the world’s largest bitcoin exchange, has gone offline, apparently after losing hundreds of millions of dollars due to a years-long hacking effort that went unnoticed by the company, according to Wired. Check out a recent Business Journal report on a local bitcoin broker and an explanation of how the virtual currency works.