Bitcoin exchange MtGox goes offline

One of the biggest Bitcoin Exchanges, MtGox, has gone offline.

The exchange has been hit by technical issues and recently halted all customer withdrawals of the digital currency after it spotted what it called "unusual activity".

The move is a setback for backers of Bitcoin, who have been pushing for greater adoption of the currency.

Meanwhile, six other major Bitcoin exchanges issued a joint statement distancing themselves from MtGox.

"This tragic violation of the trust of users of MtGox was the result of one company's actions and does not reflect the resilience or value of Bitcoin and the digital currency industry," the exchanges, including Coinbase and BTC China, said in a statement.

"As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today.

"We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfil the promise that Bitcoin offers as the future of payment in the internet age," they added.

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