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Updated 22:48 26/09/20

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Bitcoin exchange MtGox taken offline

Adam Pike, News Editor
25 Feb 2014, 10:48 a.m.

Following a series of technical issues bitcoin exchange MtGox has taken itself off line. Early this month the exchange halted all customer withdrawals after the firm identified a flaw, which enabled thieves to trick the transaction process into sending double amount of bitcoins.

MtGox is yet to issue any formal statements regarding it decision to go off line and whether it would be back. Bitcoins value has plummeted since the problems first came to light on the 7th of February and currently trades at $419 per coin.

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