$365 million 'disappears' from bitcoin trade

The money has been stolen over several years from the extremely volatile market, which has a tendency to fluctuate tremendously on a day-to-day basis, as the value of bitcoins could literally drop to zero within an instant.

$365 million 'disappears' from bitcoin trade

World Bulletin / News Desk

As the Bitcoin phenomenon continues to sweep the markets, the new digital currency continues to stir controversy, as some claim that the closure of bitcoin-based online exchange Mt. Gox are leaving them out of pocket.

Up to $365 million in total is believed to have just 'disappeared' as the new currency faces a number of technical glitches, leaving many wondering what exactly happens to this money once it has gone, and, more specifically, in whose pocket it winds up.

The money has been stolen over several years from the extremely volatile market, which has a tendency to fluctuate tremendously on a day-to-day basis, as the value of bitcoins could literally drop to zero within an instant.

Due to these security breaches, a number of bitcoin dealing websites like Silk Road and Sheep Marketplace have been taken off-line, leading many analysts to believe the bitcoin will die an early death after being launched in 2009.

Last Mod: 26 Şubat 2014, 18:07
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