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Almost $500 million of bitcoins from a company in Japan. The company is Mt. Gox and it was one of the world's biggest dealers in bitcoins. It down last week after it 850,000 bitcoins, worth $473 million. The company's CEO said hackers the digital currency. He to investors on Thursday at Japan's Ministry of Justice. Thousands of investors angry because they lost the money they in Mt. Gox. Bitcoin is a virtual currency – it only online for electronic payments. Anyone can buy and use bitcoins. There is no need to a bank account. Many people believe that bitcoins will paper money, coins and credit cards.

The collapse of Mt. Gox did not online finance experts. Many said it was an accident to happen. They also said Bitcoin will from the Mt. Gox shock. There no rules or laws to Bitcoin so the collapse of Mt. Gox could mean a better system will . Companies will now make their security tighter and governments might laws to make Bitcoin safer. Barry Silbert, CEO of Bitcoin company SecondMarket, says the currency will back. He told reporters: "If you at the short history of Bitcoin, there has a series of bubbles, busts, hacks and thefts. After every single event, Bitcoin has stronger."