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Top Bitcoin exchange MtGox goes offline

Feb 25, 2014, 6:27 AM EST
The value of Bitcoin had fallen sharply on the MtGox exchange in recent days.
AFP/Getty Images

One of the biggest Bitcoin Exchanges, MtGox, has gone offline. The exchange has been hit by technical issues and recently halted all customer withdrawals of the digital currency after it spotted what it called "unusual activity". The move is a setback for backers of Bitcoin, who have been pushing for greater adoption of the currency. Meanwhile, six other major Bitcoin exchanges issued a joint statement distancing themselves from MtGox.
Background:
Top Bitcoin exchange MtGox goes offline [BBC]
Survival of Bitcoin exchange Mt.Gox in doubt [CNN]

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