informationliberation
The news you're not supposed to know...




Austrian Economics: The Most Important Thing You'll Ever Learn
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Feb 26 2014, 12:59 PM Category: Economy Source: Wired Print

Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack


Mt. Gox, once the world’s largest bitcoin exchange, has gone offline, apparently after losing hundreds of millions of dollars due to a years-long hacking effort that went unnoticed by the company.

The hacking attack is detailed in a leaked “crisis strategy draft” plan, apparently created by Gox and published Monday by Ryan Selkis, a bitcoin entrepreneur and blogger (see below). According to the document, the exchange is insolvent after losing 744,408 bitcoins — worth about $350 million at Monday’s trading prices. The plan paints a bleak picture of the exchange’s finances and outlines an arbitrage scheme to restore the exchange to solvency. “The reality is that Mt. Gox can go bankrupt at any moment, and certainly deserves to as a company,” the document states.

Full Article »





Latest Economy
- Are Falling Prices a Bad Thing?
- London Mayor to Pay 'Six-Figure' American Tax Bill
- Peter Schiff: Swiss Surrender Wins Currency War
- What In The World Just Happened In Switzerland?
- Puerto Rico Dumps Traffic Cameras, Orders Refunds
- There's No Such Thing as an Unregulated Market
- Bitcoin Jesus Denied Entry To U.S. After Renouncing Citizenship
- Oil Falls Below 50 As Global Financial Markets Begin To Unravel









Comments 1 - 2 of 2 Add Comment Page 1 of 1
Peter

Posted: Feb 26 2014, 4:34 PM

Link
193180 Yeah right, 'hackers' stole bitcoins for years without them noticing ..
Anyone who wants to buy a bridge in San Francisco ?
Peter

Posted: Feb 26 2014, 4:36 PM

Link
193180 I'm looking forward to reading how you will spin this so the blame lands on 'statists' and would never happen in a 'free market' ..


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

Senator Wants DUI Charges Dismissed Citing that Lawmakers are "Privileged from Arrest" - 01/25Man Acquitted Of Stabbing A Police Officer, Juror Says He Was "Protecting His Family" - 01/25"I'm So Ashamed" - Meet The Drone Operator Who Helped Kill 1,626 People And Walked Away - 01/25One in Three Americans Believe Police 'Routinely Lie': Survey - 01/17Cop Shot by Cop From Another Force Who "Feared For His Safety" - 01/25Sheriff's Deputy Enjoys Paid Vacation While Criminal DUI Case Against Him Proceeds - 01/25The Truth About American Sniper From An Iraq Combat Vet Marine - 01/23US Supreme Court Considers Random Use Of Drug Dogs During Traffic Stops - 01/23

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up
(more)

 
Top