Bitcoin exchange Mt. Gox announced Friday that it has filed for bankruptcy protection, admitting that it had lost 850,000 bitcoins.
"There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble," said Mt. Gox Chief Executive Mark Karpeles at a news conference in Tokyo, the Wall Street Journal reported.
The company said it lost 750,000 bitcoins belonging to customers, and an additional 100,000 of its own bitcoins. Those bitcoins today would be worth more than $450 million.
Mt. Gox also said it has debts of about $63.6 million.
The bankruptcy filing comes at the end of a tumultuous week for Mt. Gox and the bitcoin community, which saw the credibility of the virtual currency take a big hit.
