In Hong Kong, it is alleged that a bitcoin ponzi scheme has stolen HK$3 billion in customer funds.
Article:
Investors fear HK$3b losses in closure of bitcoin trading company | South China Morning Post
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how do stupid people acquire so much money in the first place?
boggles the mind.
That is EXACTLY what I was thinking. It’s amazing really. Also, now another U.S. $12 mill disappeared.
[B]— there’s a reason they call it “crypto” currency[/B]
Bitcoin Picks: Russia Eying Bitcoin Ban, Ransomware Terrorizes School
“…his Texas-based Bitcoin Savings and Trust amassed 764,000 bitcoins…”
Soooo… these people holding btcs put 3rd party risk back into the equation?!? Did they know what a bitcoin is?
-Adrian
I think that because its so new, its just really easy to steal money. Also i think people think that they are less likey to get caught, but there is a permanent record in the Blockchain, so it could still happen down the road.
What is this Bitcoin?? Just started recently hearing about this new hoohaa…
How to trade in the Bitcoins??
Bitcoin has a history since Nov 2008 started by Satoshi Nakamoto. Don’t know much about their Ponzi schemes but since it is in unregulated environment, it may subject to be embezzled by manipulated minds.
You can have your coins recovered easily, Technology has evolved over time
Can you elaborate on that?
I don’t get it either. It’s just bizarre.