Major Bitcoin Exchange Collapses - East Idaho News
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Major Bitcoin Exchange Collapses

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GETTY 22514 Bitcoin?  SQUARESPACE CACHEVERSION=1393340609013Lightboxx/Thinkstock(NEW YORK) — Major bitcoin exchange website Mt. Gox went offline Tuesday, as trading on the Tokyo-based site came to a screeching halt.

The site had disabled withdrawals earlier this month.

The apparent closure has added to investor scrutiny over the virtual currency, which tumbled below $500 Tuesday after streaking to a high of over $1,100 in December.

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