CEO of disappearing Bitcoin exchange assures users he’s “still in Japan”
After the highly popular Bitcoin exchange disappeared entirely yesterday, CEO Mark Karpeles has put an announcement on MtGox's site to "reassure everyone that I am still in Japan".
Karpeles says that he is "working very hard with the support of different parties to find a solution to our recent issues."
The Bitcoin exchange is alleged to be insolvent, with a leaked document suggesting that MtGox has lost as many as six per cent of all Bitcoin in circulation.
Since yesterday Bitcoin prices have seen a mighty recovery, up to $580 as investors digest the news.
MtGox was seen as a bad apple in the cryptocurrency ecosystem, so its removal might turn out to be a long term boon for Bitcoin.
Source: Bitcoinity