$409,200,000 of Bitcoins stolen, Mt. Gox shuts down, one million people lose account balances

Cameron Keng writes for Forbes that the Mt. Gox web site has been hacked and shut down.

744,000 BitCoins, until recently worth over $400 million USD, were hacked. As far as I can tell there is no way to get the coins back. One million folks kept accounts, called 'wallets', on the site.

Bitcoins are trading now for US $490 (as of 9:15am), down from over $600 yesterday.

Who stole it? Well, there is a Bitcoin address that recently had BTC782,000 move through it. That address is now empty, but scroll down and see large BTC payments going all over.