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08 Mar 2014

Peter Pan Coin Money

Code is Law - Larry Lessig
MtGox finally collapsed, although for a reason I didn't anticipate: software bugs. Something called "transaction malleability" allowed crooked MtGox users to trick MtGox into believing that their withdrawals hadn't worked, so MtGox reissued them. This continued over about three years, during which time the crooks stole about 700,000 bitcoins from the wallet where MtGox kept most of its customers' deposits without them noticing.

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posted at: 16:30 :: permanent link to this entry :: 0 comments
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CAUCE
CASL Comes into Force
145 days ago

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Progress in e-mail
67 days ago

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