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Home News Around the world

Which Bitcoin Exchange Can You Trust?

by Liberty Pulse
12/08/2011
in News Around the world
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Which Bitcoin Exchange Can You Trust?

MTGox, the biggest Bitcoin exchange platform by volume, has temporarily shut down after a Sunday night breach resulted in the theft of nearly $9 million worth of Bitcoins.

The breach caused the value of the nascent, peer-to-peer cryptocurrency to crash from $17.50 on Sunday night. The exchange will re-open on Tuesday morning, Japan time, at $17.50, MTGox owner Mark Karpeles wrote in a blog post.

“Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again,” he wrote…

http://www.pcmag.com/article2/0,2817,2387279,00.asp

Read Article Here…

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