Further, Mt. Gox has so far failed to explain the reason for the discrepancy between the amounts of cash liabilities on its balance sheet and the balance of cash held on banks accounts to be owned by the company. Karpeles testified in a Texas bankruptcy court on Monday, march 10th, that Mt. Gox was the target of a massive and lengthy attack by computer hackers, but admitted that the exchange continued to accept trading orders and collect fee income for weeks after management knew that Fox was technically insolvent.
Source: coindesk.com
Source: coindesk.com