13 Aug '12, 4pm

Users sue Bitcoin website over money lost in security breach

Users sue Bitcoin website over money lost in security breach

A number of users of a Bitcoin website have sued it after they lost thousands of dollars when the website was hacked and appropriate compensation was not provided. $228,000 in Bitcoins, a virtual currency with real-world value, were stolen from the Bitcoinica website in several attacks earlier this year. The website told worried users that “all withdrawal requests will be honoured,” assuring everyone that “the thief stole from us not you.” However, this promise to return lost funds was only partially upheld, according to the four plaintiffs, who claim they only received half the stolen amount back from Bitcoinica. They also allege that several complaints to Bitcoinica on this matter were refused or ignored. Bitcoinica has since ceased trading, telling users that it is undergoing a transitional process where tighter security is being put in place. With the increase in hacki...

Full article: http://vr-zone.com/articles/users-sue-bitcoin-website-ove...

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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...

Bitcoin users sue over unreimbursed funds lost in hacks: #infosec #n

Bitcoin users sue over unreimbursed funds lost ...

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...

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