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13 Aug '12, 7am

[TechieBuzz] Bitcoinica Sued for $460,457.70 over Lost Bitcoins Due to Lax Security: Bitcoin grew to be extremel...

Bitcoin grew to be extremely popular over the last year, though the value of a Bitcoin fell from a whopping $15 to $3. Although it seems to have stabilized at $9 after a recent rise, the Bitcoin ecosystem is not free of troubles yet. Recently, the flagship trading Bitcoin platform, Bitcoinica has attracted a lot of hackers, and there have been two major security breaches at Bitcoinica. Bitcoinica started as a one-man show by Zhou Tong, and soon thereafter, he put together a team to manage this prospective business. However, the Bitcoinica platform has been upset by hack attempts, and the response from the people at Bitcoinica is not very promising either. In a disturbing statement made in May, Bitcoinica admits to have ignored user security , saying, The recent security breach was not beyond our team’s skills to prevent. We know better. But we did not address relevant issu...

Full article: http://techie-buzz.com/online-security/bitcoinica-sued-ov...

Tweets

Users sue Bitcoin website over money lost in security breach

Users sue Bitcoin website over money lost in se...

vr-zone.com 13 Aug '12, 4pm

A number of users of a Bitcoin website have sued it after they lost thousands of dollars when the website was hacked and a...

Bitcoin Sued

terranova.blogs.com 14 Aug '12, 2pm

Terra Nova Simulation + Society + Play Main Page History & Contributors Videos & Books Archives Bitcoin Sued by Edward Cas...

Bitcoinica

arstechnica.com 12 Aug '12, 12am

Earlier this week, four users of the well-known Bitcoin trading platform Bitcoinica filed a complaint in a San Francisco c...

Bitcoinica users sue for $460k in lost Bitcoins...

coinbits.com 12 Aug '12, 8am

zcopley Earlier this week, four users of the well-known Bitcoin trading platform Bitcoinica filed a complaint in a San Fra...

BitCoin Exchange Sued For Fraud

techweekeurope.co.uk 13 Aug '12, 3pm

Four former customers have sued the virtual currency exchange Bitcoinica, claiming that it owes them $460,457 (£293,080) i...

Bitcoin trading platform sued by members for $460,000

Bitcoin trading platform sued by members for $4...

nakedsecurity.sophos.com 14 Aug '12, 3pm

Four ex-Bitcoin users are suing the coin exchange for $460,000 USD, accusing the now frozen Bitcoin trading platform Bitco...

Hacked BitCoin Exchange Sued By Customers: Four former customers have sued the virtual currency exchange Bitcoin...

Hacked BitCoin Exchange Sued By Customers: Four...

news.hitb.org 14 Aug '12, 2am

Four former customers have sued the virtual currency exchange Bitcoinica, claiming that it owes them $460,457 (£293,080) i...

No cuts to Social Security, Medicare, Medicaid....

salsa.mydccc.org 14 Aug '12, 9pm

Hacked BitCoin Exchange Sued By Customers

news.slashdot.org 13 Aug '12, 11pm

I could answer this one two ways, but I'm going to go with blaming the victim on this one. There have been a rash of theft...

First Bitcoin Lawsuit Filed In San Francisco

spectrum.ieee.org 14 Aug '12, 7pm

A recent theft at Bitcoinica , one of the largest Bitcoin exchanges, resulted last week in a debut for the currency in the...

Bitcoin users sue over lost funds

bbc.co.uk 13 Aug '12, 1pm

13 August 2012 Last updated at 14:33 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitcoi...

Boot up: Dell's fate, Bitcoin lawsuit, analysin...

guardian.co.uk 13 Aug '12, 5am

A quick burst of 7 links for you to chew over, as picked by the Technology team Stick a fork in it: Dell is done. >> Pando...

Bitcoin users sue over lost funds

bbc.co.uk 13 Aug '12, 1pm

13 August 2012 Last updated at 14:33 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitcoi...

Bitcoin users sue over lost funds

bbc.co.uk 13 Aug '12, 1pm

13 August 2012 Last updated at 14:33 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitcoi...

Boot up: Dell's fate, Bitcoin lawsuit, analysin...

guardian.co.uk 13 Aug '12, 5am

A quick burst of 7 links for you to chew over, as picked by the Technology team Stick a fork in it: Dell is done. >> Pando...