>> (p.1)
    Author Topic: mtgox fraud -- similar story today on finextra in "traditional economy"  (Read 1398 times)

    • barrymac (OP)
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    June 20, 2011, 01:09:33 PM
     #1
    I couldn't help noticing the parallels with the mtgox heist in this story. So I'm posting just to remind people that the same kind of problems occur in the traditional economy as have recently happened with the bitcoin.

    http://www.finextra.com/news/fullstory.aspx?newsitemid=22674

  • bodhipraxis
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    June 20, 2011, 01:27:16 PM
     #2
    Quote from: barrymac on June 20, 2011, 01:09:33 PM
    I couldn't help noticing the parallels with the mtgox heist in this story. So I'm posting just to remind people that the same kind of problems occur in the traditional economy as have recently happened with the bitcoin.

    http://www.finextra.com/news/fullstory.aspx?newsitemid=22674



    Thank you for posting this story. I especially noted this line from the article you posted:

    "....With multiple cases of ACH wire fraud piling up in the US, the rulings leave the critical liability issues open to debate. "

    Again, I really appreciate your posting this article. We should assemble articles like these into a press kit for response to major tech media that are going to be covering the Mt. Gox hack.

  • barrymac (OP)
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    June 20, 2011, 03:26:11 PM
     #3
    Yes indeed we should be collecting relevant stories. There would be a huge number of contenders I think! The trick is to float the most poignant to the top.

    I saw one terrible article on forbes today which was claiming that the mtgox event meant the end of bitcoin. This is exactly the kind of opinion that needs some counter balance.

  • hazek
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    June 20, 2011, 05:43:26 PM
     #4
    Check out this crap: http://consumerist.com/2011/06/how-hackers-stole-200000-citi-accounts-by-exploiting-basic-browser-vulnerability.html

    mtgox was way harder nut to crack if you ask me, and these people handle billions imo
    My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

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