17 Feb '14, 3pm

MIT Undergrads Are Being Investigated Over Their Bitcoin Mining Project

MIT Undergrads Are Being Investigated Over Their Bitcoin Mining Project

Wikimedia Commons MIT's Simmons Hall in Cambridge, Mass. Four students at the Massachusetts Institute of Technology are facing a New Jersey fraud investigation for a Bitcoin mining project created at a hackathon. But despite the legality of the students' invention, MIT has been accused of not immediately rallying behind its students and their innovative work. Two anonymous-yet-prominent university figures are seeking signatures for a letter addressed to MIT president Rafael Reif, which criticizes the university for not supporting the students. According to the letter, MIT’s lawyers told the students they would not get involved in a case that didn’t directly involve the university. However, MIT provost Martin Schmidt said the university advised the students to get their own lawyers and MIT would support them as best they could, according to The Boston Globe . The students’ ...

Full article: http://www.businessinsider.com/mit-undergrads-are-being-i...

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