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Watch MtGox CEO Mark Karpeles Tell Japan That All Of The Bitcoin Are Gone

Rob WileFeb 28, 2014, 19:11 IST

The Asahi News Network has posted video of MtGox CEO Mark Karpeles' Tokyo press conference admitting all 850,000 Bitcoin - nearly half a billion dollars - held by the exchange are gone, and that the firm is filing for bankruptcy.

"We have lost Bitcoins due to weaknesses in the system," the France-born Karpeles said in Japanese according to the AFP. "We are really sorry for causing trouble to all the people concerned," he said, before bowing deeply.

Check it out: