29 Jul '14, 11pm

Bitcoin trading website accused of defrauding thousands of customers

A major bitcoin-to-gold trading website is facing a class-action lawsuit after allegedly defrauding thousands of customers. Coinabul LLC , a service based in Wyoming that exchanges bitcoin, an online currency, for precious metals, continued accepting bitcoin payments despite allegedly stopping shipments for nearly a year, according to a federal complaint filed Friday in Illinois. ------------ FOR THE RECORD Bitcoin ATM builder takes aim at traditional financial services Riley Snyder In a makeshift office — a living room crowded with desks, monitors and a beanbag chair — a handful of programmers are hacking away on computers, aiming to make their mark on the multibillion-dollar financial services industry. In a makeshift office — a living room crowded with desks, monitors and a beanbag chair — a handful of programmers are hacking away on computers, aiming to make their mark...

Full article: http://www.latimes.com/business/technology/la-bitcoin-def...

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