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Bitcoin exchange Mt. Gox files for US bankruptcy

Failed bitcoin exchange Mt. Gox filed for Chapter 15 in the US on Sunday.

Chapter 15 of the bankruptcy code is designed to facilitate dealing with insolvency cases with parties in more than one country.

Mt. Gox, based in Tokyo, filed for bankruptcy in Japan on Feb. 28. Meanwhile, the blog of Mt. Gox Chief Executive Mark Karpeles has reportedly been hacked, with the hackers posting an alleged balance sheet of the exchange’s accounts.

This story originally appeared on MarketWatch.com.