Mt. Gox Breaks Silence With Vague Statement, Confirms Transaction FreezeThe troubled virtual currency exchange finally breaks its silence, but fails to address swirling bankruptcy allegations.

ByKim Lachance Shandrow

Opinions expressed by Entrepreneur contributors are their own.

Mt. Gox has finally made a peep, but not much more, about its murky situation. In yet another strange twist in its cataclysmic downfall, the scandalous Bitcoin exchange has just confirmed on itswebsitethat it has indeed halted all transactions. ItsTwitter feed仍然是空的,正如其网站上了hours ago.

The vague statement from the Tokyo-headquartered company, which was once the world's top reigning cryptocurrency trading destination, reads:

"Dear MtGox Customers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team"

Related:One-Time Bitcoin Exchange Giant Collapses Amid Insolvency, Trading Allegedly Suspended

The threadbare statement appeared on the website not long after Mt. Gox CEO Mark Karpelès cryptically toldReuters该公司是“在一个转折点。”他做了the seemingly guarded comment in an email reply to the news agency's inquiry about whether or not the exchange was truly defunct.

Meanwhile, as of 12:29 p.m. ET, Bitcoin prices rebounded slightly to $524.24, up from earlier this morning, when they had sagged to a three-month low.
Mt. Gox Breaks Silence With Vague Statement, Confirms Transaction Freeze
A statement released today by Mt. Gox on its website.
Kim Lachance Shandrow

Former West Coast Editor

Kim Lachance Shandrow is the former West Coast editor at Entrepreneur.com. Previously, she was a commerce columnist atLos Angeles CityBeat,a news producer at MSNBC and KNBC in Los Angeles and a frequent contributor to theLos Angeles Times. She has also written forGovernment Technologymagazine,LA Yogamagazine, theLowell Sunnewspaper, HealthCentral.com, PsychCentral.com and the former U.S. Surgeon General, Dr. C. Everett Coop. Follow her on Twitter at@Lashandrow. You can also follow her on Facebookhere.

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