This meteoric rise came to a crashing halt, in 2014 when Mt.Gox filed for bankruptcy following the alleged theft of 750 000 customer,, Bitcoins and an additional 100 000 firm, owned bitcoins due to a security software malfunction. Since then Mt.Gox CEO Mark. Karpeles has been, arrested twice for the disappearance of the aforementioned bitcoins valued at $480 million.
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