Mt. Gox Files for Bankruptcy in the U.S.

Mt. Gox
Just days after it sought protection in Japan, once popular Bitcoin exchange Mt. Gox has been forced to file for bankruptcy in the US in the hope of climbing out of the huge hole it’s found itself in. Still reeling from the loss of 850,000 Bitcoins (currently worth around $549 million) and debts of more Continue Reading →

Mt. Gox CEO’s Blog Hacked, Accused of Theft and Fraud

Mt. Gox
The Bitcoin community has been angrily pressing for details on what the Bitcoin exchange Mt. Gox has described as a massive hacker attack that stole hundreds of millions of dollars worth of its users’ bitcoins and left the company bankrupt. Mt. Gox’s staff isn’t talking. So another group of hackers say they’ve broken into the Continue Reading →

Meet Satoshi Nakamoto: The Man Who Created Bitcoin

Satoshi Nakamoto
Satoshi Nakamoto stands at the end of his sunbaked driveway looking timorous. And annoyed. He’s wearing a rumpled T-shirt, old blue jeans and white gym socks, without shoes, like he has left the house in a hurry. His hair is unkempt, and he has the thousand-mile stare of someone who has gone weeks without sleep. Continue Reading →

Bitcoin Exchange Poloniex Hacked, Loses Around $50,000

Bitcoin
All continues to not be well in the world of Bitcoin and related cryptocurrencies. Another exchange has been hacked, with the perpetrators making off with 76.69 bitcoins (a little under $50,000 at current trading rates). On Tuesday, the owner of the Poloniex exchange admitted on the Bitcoin Talk forum that around “12.3 percent of the Continue Reading →

Bitcoin Bank Flexcoin Has All Bitcoins Stolen, Shuts Down

Bitcoin
Another Bitcoin site disappears. This time Flexcoin — which called itself a bitcoin bank — has announced that it’s going out of business after a huge theft that has wiped it clean. This is the announcement. There’s no sugarcoating it. Somehow all the bitcoins were just taken: “On March 2nd 2014 Flexcoin was attacked and Continue Reading →