BitCoin Exchange Sued For Fraud

BitCoin Exchange Sued For Fraud After Multiple Hacks

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...

Tweets

@genesys_consult » 14 Aug '12, 7pm
RT @yourCTO: #BitCoin Exchange Sued For Fraud After Multiple #Hacks [link]
@mmoyaro » 14 Aug '12, 9am
Hacked #BitCoin Exchange sued by customers [link] /via @slashdot
@Master_OBASHI » 14 Aug '12, 9am
BitCoin Exchange Sued For Fraud [link] | #data #risk #finance
@CryptoCurrent » 14 Aug '12, 7am
BitCoin Exchange Sued For Fraud [link] #cryptocurrent
@elzubeir » 14 Aug '12, 6am
#Bitcoin exhcange robbed (twice) and sued for losses - [link] #ouch | Let's hope MtGox stays safe!
@HackerYolk » 14 Aug '12, 5am
Bitcoinca being sued for fraud - [link] /HN
@ITArtillery » 14 Aug '12, 2am
Hacked BitCoin exchange sued for fraud [link] #InfoSec
@k_sarkodie » 14 Aug '12, 12am
BitCoin Exchange Sued For Fraud After Multiple Hacks [link]
@uktechnews » 13 Aug '12, 3pm
[eWeekEurope] BitCoin Exchange Sued For Fraud [link]
@TechWeekEurope » 13 Aug '12, 3pm
BitCoin Exchange Sued For Fraud: Bitcoinica got raided by hackers and couldn’t pay its customers [link]
@anitramblogger » 18 Aug '12, 2pm
BitCoin Exchange Sued For Fraud After Multiple Hacks [link]
@mradamdavies » 16 Aug '12, 7am
#BitCoin Exchange Sued For #Fraud | [link]
@yourCTO » 14 Aug '12, 7pm
#BitCoin Exchange Sued For Fraud After Multiple #Hacks [link]
@HeyKumaran » 14 Aug '12, 1pm
BitCoin Exchange Sued For Fraud After Multiple Hacks [link]
@SecureNinja » 14 Aug '12, 12pm
Bitcoinica got raided by hackers and couldn’t pay its customers - [link]
@SecureNinjaTV » 14 Aug '12, 12pm
Bitcoinica got raided by hackers and couldn’t pay its customers - [link]
@01101O10 » 14 Aug '12, 11am
BitCoin Exchange Sued For Fraud After Multiple Hacks. [link]
@IT_SecGuru » 14 Aug '12, 11am
BitCoin Exchange Sued For Fraud [link] [link]
@IT_SecGuru » 14 Aug '12, 11am
BitCoin Exchange Sued For Fraud [link]
@EskenziFR » 14 Aug '12, 11am
BitCoin Exchange Sued For Fraud [link]
@neilstinchcombe » 14 Aug '12, 10am
BitCoin exchange sued for fraud [link]
@relax_nl » 14 Aug '12, 9am
BitCoin Exchange Sued For Fraud After Multiple Hacks [link]
@BitSenseTrader » 14 Aug '12, 12am
BitCoin Exchange Sued For Fraud [link]
@randyknob » 13 Aug '12, 6pm
BitCoin Exchange Sued For Fraud [link] #Bitcoin
@TechWeekEurope » 13 Aug '12, 3pm
BitCoin Exchange Sued For Fraud: Bitcoinica got raided by hackers and couldn’t pay its customers [link]