Mt.Gox Will Reportedly File For Liquidation Instead Of Bankruptcy

 Mt.Gox has filed for liquidation in a Tokyo court instead of going forward with its plans to rebuild under bankruptcy protection, according to a report in the Wall Street Journal. The newspaper's sources said that Mt.Gox decided to abandon its previous plan for rehabilitation because it was too complex and unrealistic, but that it still hopes a buyer for the exchange can be found. Read More