Mt. Gox today filed for liquidation in a Tokyo court, abandoning its plans for civil rehabilitation and giving its creditors even less hope of recouping their losses, according to a Wall Street Journal report.

The filing is one step further than the bankruptcy protection the failed bitcoin exchange had applied for on 28th February. The difficulty of the procedure was cited as a reason, together with dwindling hopes of a resurrection.

The filing document, posted on Mt. Gox’s website, said:

Continue reading at CoinDesk