Bitcoin hacked 06/2011
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The largest Bitcoin exchange, Mt.
The Bitcoin community faced another crisis on Sunday afternoon as the price of the currency on the most popular exchange, Mt.Gox , fell from $17 to pennies in a matter of minutes. Trading was quickly suspended and visitors to the home page were redirected to a statement blaming the crash on a compromised user account. Mt.Gox’s Mark Karpeles said that the exchange would be taken offline to give administrators time to roll back the suspect transactions.
Within 10 days of hearing about Bitcoins, Matthew Thompson had spent more than $10,000 to acquire some of the online currency.
The Japan-based Mt.