Bitcoin Exchange Holding $4.1 Million has vanished

[roopi]

Not sure if anyone here actually 'invests' in bitcoins but this is pretty crazy but I guess it could happen with pretty much any exchange:

http://www.businessinsider.com/bitco...nishes-2013-11

[Tik-Tok]

An unofficial currency used mainly by the blackmarket, what could go wrong?

[rumeo]

I don't fully understand bitcoins, did the holders at this holding lose all their bitcoins?

Can each bitcoin be tracked for future use?

[beyond_ban]

So 4.1 million but coins are missing, or 4.1 million dollars worth of bitcoins? A bitcoin as of today is worth roughly $409 CAD.

[revelations]

Never trust an online wallet to hold any significant amount of your currency.

[roopi]

From what I understand it is 4.1 million dollars worth of bitcoins. Even though the concept of bitcoins in about anonymity I believe they can be traced to a certain degree.

However if these guys were running an exchange I'd assume they cashed out the coins on another exchange and cashed out? Not really sure.

Here's an article about tracing them:
http://www.forbes.com/sites/andygree...-black-market/

[TYMSMNY]

So these guys deposited all their BC into the "bank/exchange"?? LOL! Everyone has their own wallet....