Bitcoinica

Bitcoinica users sue for $460k in lost Bitcoins | Ars Technica

arstechnica.com 12 Aug '12, 12am

Bitcoinica

Earlier this week, four users of the well-known Bitcoin trading platform Bitcoinica filed a complaint in a San Francisco court asking for $460,457.70 from the company. The plaintiffs allege that Bitcoinica, which had been hacked twice earlier this year, neglected the safety of its users’ money, and cheated them out of withdrawal requests that it said it would honor. Bitcoins, units of virtual currency which are cryptographically signed and transferred without the influence of banks or government oversight, experienced a boom about a year ago (in June 2011 one BTC was equivalent to $15), but crashed to less than $3 only 5 months later when slews of Bitcoin-stealing malware and hacks of Bitcoin "banks" unsettled the market. The nascent currency bounced back, however, and the price of Bitcoins surged this past July , rising above $9 for the first time in a year. As The Verge ...

Full article: http://arstechnica.com/tech-policy/2012/08/bitcoinica-use...

Tweets

@FrancieGrace » 13 Aug '12, 10am
Au revoir to the newbie phase for Bitcoin RT @josek_net Bitcoinica users sue for $460k in lost Bitcoins [link]
@tek_fin » 13 Aug '12, 10am
RT @josek_net: Bitcoinica users sue for $460k in lost Bitcoins | Ars Technica [link] < Trust issue w/ Bitcoin remains high
@bennusekabel » 12 Aug '12, 8pm
First Bitcoin story I've seen in months, it's negative--Bitcoinica users sue for $460k in lost Bitcoins | Ars Technica [link]
@PlanBnB » 12 Aug '12, 8pm
Bitcoinica users sue for $460k in lost Bitcoins: Earlier this week, four users of the well-known Bitcoin trading... [link]
@Asher_Wolf » 12 Aug '12, 1pm
RT @MylesPeterson: #Bitcoin users sue Bitcoinica for half-a-million [link] despite currency rebound [link]
@MylesPeterson » 12 Aug '12, 12pm
#Bitcoin users sue Bitcoinica for half-a-million [link] despite currency rebound [link]
@bitcoin_ita » 12 Aug '12, 12pm
Bitcoinica users sue for $460k in lost Bitcoins | Ars Technica - First #bitcoin #sue [link]
@xanlpz » 12 Aug '12, 11am
"I don't trust my government to set monetary policy, but I trust it to get my money back" [link] #bitcoin
@Cafeine » 12 Aug '12, 5am
Bitcoin, l'empire du fumeux... Bitcoinica users sue for $460k in lost Bitcoins [link]
@byteknoedel » 12 Aug '12, 3am
RT @BitCoinReporter: Bitcoinica users sue for $460k in lost Bitcoins - Ars Technica [link] #bitcoin
@VeeraRags » 12 Aug '12, 1am
#Bitcoinica users sue for $460k in lost Bitcoins [link] #lawdisorder #riskassessment #bitcoin
@BitCoinReporter » 12 Aug '12, 1am
Bitcoinica users sue for $460k in lost Bitcoins - Ars Technica [link] #bitcoin
@GeekInfoNow » 12 Aug '12, 12am
Bitcoinica users sue for $460k in lost Bitcoins [link] #LawampDisorder #RiskAssessment #bitcoin #Bitcoinica
@myazri » 12 Aug '12, 8am
RT @BitCoinReporter: Bitcoinica users sue for $460k in lost Bitcoins | Ars Technica [link] #bitcoin
@BitCoinReporter » 12 Aug '12, 5am
Bitcoinica users sue for $460k in lost Bitcoins | Ars Technica [link] #bitcoin

Bitcoinica users sue for $460k in lost Bitcoins | Ars Technica

Bitcoinica

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