World Bitcoin Association Files for Bankruptcy in New York

Bitcoins are generated by miners who are rewarded in bitcoin for processing transactions by making complex calculations. — Bitcoins are generated by miners who are rewarded in bitcoin for processing transactions by making complex calculations.
Photograph by Bloomberg, Photo Illustration by Tom Hall/Bloomberg Business

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By Pamela MacLean

March 17, 2015 at 1:18 AM UTC

This article is for subscribers only.

The World Bitcoin Association sought bankruptcy protection in Manhattan.

The organization listed less than $300,000 in liabilities in a filing Monday in U.S. Bankruptcy Court.