Over 700,000 Bitcoin missing in Mt. Gox security flaw

Mt. Gox, the Japan-based Bitcoin exchange, has had a remarkably bad month. All withdrawals from the service were halted on February 7, 2014; the CEO, Mark Karpeles, resigned from the board of the Bitcoin Foundation on February 23, 2014; and there was an indefinite closure of all transactions “for the time being” as of two days later. There has been a slow unraveling of the digital currency’s valuation since February 1, 2014, though it has been on the mend at the time of writing.