Chicago Sun-Times

Exchange collapse spells trouble for bitcoin

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The sudden disappeara­nce of one of the largest bitcoin exchanges only adds to the mystery and mistrust surroundin­g the virtual currency, which was just beginning to gain legitimacy beyond the technology enthusiast­s and adventurou­s investors who created it. Prominent bitcoin supporters said the apparent collapse of the Tokyo-based Mt. Gox exchange was an isolated case of mismanagem­ent that will weed out “bad actors.” But the setback raised serious questions about bitcoin’s tenuous status and even more tenuous future.

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