Bitcoin Breakdown: Another Bitcoin Site Goes Belly-Up
Less than a week after Mt. Gox admitted to losing all of its money to cybertheft, Bitcoin site Flexcoin has found itself in the same boat. Also, Japan prepares to regulate Bitcoin as a commodity, and the CEO of Bitcoin exchange First Meta is found dead.
AFP Fraudwatch: AFP Treasury Advisory Group Confronts Cybersecurity
When a group of treasury executives meet nowadays it should come as no surprise that cybersecurity tops the list of conversation topics. That’s what happened when AFP’s Treasury Advisory Group (TAG) met in Washington, D.C.
Bitcoin Breakdown: The Demise of Mt. Gox
This week, Mt. Gox files for bankruptcy, admitting that it has lost approximately all of its Bitcoins—or nearly half a billion dollars. Also, researchers discover 146 different types of Bitcoin malware.
Bitcoin Bombshell: Mt. Gox Closed After Apparent Cybertheft
Is this the end of Bitcoin? Troubled Bitcoin exchange Mt. Gox suspended trading and was offline Tuesday amid reports that a security breach resulted in
the loss of more than $350 million in bitcoins.
AFP Fraudwatch: Fraudsters Are Developing Virtual Currencies
This week, fraudsters eschew Bitcoin for their own virtual currencies, crooks offer a discount on cards stolen in the Target breach, and a Barclays branch employee is accused of stealing millions.