Mt. Gox: What Happened

As long as you never did business with it, the recent collapse of Mt. Gox — the Tokyo-based Bitcoin exchange which seems to have lost close to a half-billion dollars’ worth of the virtual currency to hackers — makes for compelling, mordantly funny reading. Robert McMillian of Wired has an excellent piece on how one of the highest-profile pillars of the Bitcoin economy came crashing down. It apparently boils down to bad software and a distracted CEO, Mark Karpeles: But Karpeles was obsessed...