Mt Gox files for US bankruptcy

Mt Gox, once the world's largest bitcoin exchange, received US bankruptcy protection on Monday to temporarily halt US legal action against the Japanese company by traders who allege the operation was a fraud.
Judge Harlin Hale in Dallas granted temporary bankruptcy protection to Mt Gox, which had filed for bankruptcy protection in Japan in February. Attorneys for Mt Gox said without bankruptcy protection the company would be irreparably harmed by a proposed class action in Chicago federal court and a breach of contract case in Seattle federal court.
Mt. Gox filed for bankruptcy in Japan last month after it said it may have lost 750,000 of its customers' bitcoins as part of an attack by hackers.