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MtGox's Website Down - Possibly the End?

MtGox's Website Down Possibly the End?

Last night at around 23.00 ET, MtGox's exchange website were no longer accessible. The site loads and doesn't show any error message, but once fully loaded it simply displays a blank page. The timing between MtGox taking down their site and a joint press release sent out by six of the biggest exchange sites raises some eyebrows, but it is not certain that it's the reason why MtGox took down the site.

The following message was send out last night by six of the biggest Bitcoin exchange sites, Coinbase, Kraken, Bitstamp, BTC China, Blockchain and Circle:

"This tragic violation of the trust of users of Mt.Gox was the result of one company's actions and does not reflect the resilience or value of bitcoin and the digital currency industry,"

and continued:

"As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today. Mt. Gox has confirmed its issues in private discussions with other members of the bitcoin community,"

MtGox has not bothered to comment on the press release or the fact that their website has been down for several hours now. This is just another bump in a long road of problems for MtGox, as they recently halted withdrawals due to "transaction malleability" as well as having resigned from the Bitcoin foundation board.

MtGox used to be the world's biggest Bitcoin exchange site and has always been popular due to its higher selling prices. They were one of the founding members of the Bitcoin foundation and also one of three elected industry members on the board.

"There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants," The statement from the six major Bitcoin exchanges ended.

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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