3 votes

The First Bitcoin Bail-In- Bitcoin Exchange Hacked, Loses 12.3% of BTC- Opts for Bail In

Bitcoin Exchange Poloniex got hacked and lost 12.3% of its Bitcoins.

Seems the company is trying to be fair and make its customers whole by temporarily deducting everyone's account by the amount lost.

The owner apologized and put up some of his own money to cover losses and will not take profit until the money is all paid back.

Would any CEO of the TBTF banks do the same?

http://www.theguardian.com/technology/2014/mar/04/bitcoin-ba...

http://www.ehackingnews.com/2014/03/bitcoin-exchange-polonie...

https://bitcointalk.org/index.php?topic=499580

Can't these exchanges get insurance?



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

if you can't touch it, you

if you can't touch it, you don't own it.

Bitcoin insurance!

Note how Bloomberg frames the story....
http://www.businessweek.com/articles/2014-03-03/will-bitcoin...

Please subscribe to smaulgld.com

i for one am SHOCKED

SHOCKED I tell you... that someone could possibly hack this perfectly safe hedge against FRNs.

To hack my hedge you need explosives.

At their inceptions, the #Liberty, #OccupyWallStreet and #TeaParty movements all had the same basic goal... What happened?

lol

bitcoin was not hacked and is still safe.

"To hack my hedge you need explosives."
or a search warrant or whatever fdr did.
to hack my btc hedge you need a search warrant and my encrypted password. good luck trying to seize that.

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
Rand Paul 2016