It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The Australian.
MT. GOX, once the dominant exchange for bitcoin trading, says that more than $US470 million ($527m) of the virtual currency has vanished from its digital coffers, kicking into high gear a search for the missing money by victims and cybersleuths.
Mt. Gox filed for bankruptcy protection in Japan.
ManFromEurope
But.. but... this can't be happening! Crypto-Cash was sooo supposed to be secure!
Oben Source!
"Nobody" (well.. somebody, obviously) found that error before this crash?
Well, to be sincere: I am not too suprised that someone found a flaw in this. Did you ever see error-free code before?
ANNED
Inside job.
Bitcoins were a scam
alienreality
Probably the CIA and NSA, NRO... Bitcoins are a threat to national /global bank currencies. A very big threat. A joint effort to shut it all down and strip it clean, (or an effort to), would be just like the usual people. I'm getting tired of naming the criminals that can't get enough..edit on 3-3-2014 by alienreality because: (no reason given)
James1982
ManFromEurope
But.. but... this can't be happening! Crypto-Cash was sooo supposed to be secure!
Oben Source!
"Nobody" (well.. somebody, obviously) found that error before this crash?
Well, to be sincere: I am not too suprised that someone found a flaw in this. Did you ever see error-free code before?
Uh, yea... the currency is secure. Nobody broke "into bitcoin"
Would you say the US dollar wasn't secure because Paypal gets hacked?
Mt gox is simply an exchange, they don't own or manage bitcoin. If you weren't trusting Mtgox to deal with your money and bitcoins, you were at zero risk of loosing your coins.
woodwardjnr
I'm always a bit surprised with the relish, some people have in bit coins perceived " failure" . Especially on a site like ATS. It should be something we get behind. I bought a coin last year for $60 just out of interest. I have spent it now, but it would now be worth nearly $600. Not too many investments have such a return over such a short period of time. Some will have lost money, but a lot of people have made a LOT of money. It seems the ones who celebrate any bad news over bitcoin, have probably never had one.
ManFromEurope
AFAIK, it was the "Transaction Malleability" error.
James1982
ManFromEurope
But.. but... this can't be happening! Crypto-Cash was sooo supposed to be secure!
Oben Source!
"Nobody" (well.. somebody, obviously) found that error before this crash?
Well, to be sincere: I am not too suprised that someone found a flaw in this. Did you ever see error-free code before?
Uh, yea... the currency is secure. Nobody broke "into bitcoin"
Would you say the US dollar wasn't secure because Paypal gets hacked?
Mt gox is simply an exchange, they don't own or manage bitcoin. If you weren't trusting Mtgox to deal with your money and bitcoins, you were at zero risk of loosing your coins.