13 Aug '12, 3pm

BitCoin Exchange Sued For Fraud

Four former customers have sued the virtual currency exchange Bitcoinica, claiming that it owes them $460,457 (£293,080) in funds they previously deposited. Bitcoinica was hacked twice in 2012, with attackers stealing over $177,000 worth of BitCoins. The website ceased operation in May, but continues to accept claims for repayments. BitCoins are an unregulated, untaxed and untraceable Internet currency that allows direct peer to peer transactions. Sites exchanging bitcoins have proved vulnerable , prompting a fall in value for the currency. Daylight robbery BitCoins are a decentralised virtual currency commonly used online among people interested in keeping their transactions secret. It is not tied to any real money, but traded on an electronic exchange to establish its value. BitCoins have generally hovered at a price of around $14 to $17 (£9 to £11) per unit. According t...

Full article: http://www.techweekeurope.co.uk/news/bitcoin-exchangesued...

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

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bbc.com 13 Aug '12, 2pm

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

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...

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...

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