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Bitcoin exchange’s chief still in Japan

AP

The head of troubled bitcoin exchange Mt. Gox said in a web post that he is still in Japan and “working very hard” to find a solution to the Tokyo-based organization’s problems.

The exchange has suspended trading amid accusations it suffered a catastrophic theft, and its website went blank Tuesday, sparking speculation it has collapsed.

Bitcoin, created in 2009, is an online currency that allows people to make transactions across borders without involving such third parties as banks or credit card issuers. Tokyo-based Mt. Gox was one of the world’s biggest exchanges for bitcoins.

CEO Mark Karpeles, who has disappeared from the public eye, said in a two-paragraph post on the Mt. Gox website dated Wednesday that he has the support of different parties in finding a “solution to our recent issues.”

He did not say who they were, what the solution might be or when trading might resume.

Some bitcoin investors have traveled to Tokyo from abroad to try and reclaim money tied up in bitcoins at Mt. Gox.