The credibility of Bitcoin has been dealt a serious blow after a suspected theft of $375m of the virtual currency closed one of the major exchanges through which it is traded.
The website of Tokyo-based Mt.Gox - which allows Bitcoin to be traded for US dollars - was shut down today after it had already halted cash withdrawals in the wake of rumours that hackers had managed to steal 745,000 Bitcoin.
The crisis at Mt.Gox will raise questions over the future of Bitcoin, which had surged in value last year and attracted the global attention of mainstream businesses and investors.
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