Chinese Bitcoin Exchange Vanishes, Taking £2.5m of Coins With It 346
An anonymous reader writes "A Chinese Bitcoin exchange has vanished without trace, taking more than $4 million of the virtual currency with it and leaving profit-hungry investors out of pocket. GBL, the Chinese Bitcoin exchange was launched in May 2013 and putatively based in Hong Kong, despite its servers being registered in Beijing. However GBL's Hong Kong offices do not exist. GBL mysteriously disappeared in early November taking an estimated $4.1m (£2.6m) of Bitcoins with it." (Beware the auto-playing ads, with sound.)
Sad Trombone? (Score:5, Funny)
Yes. Sad Trombone.
Recurring theme? (Score:5, Funny)
I don't see a problem.. Follow the... (Score:5, Funny)
Why not just follow the bitcoin trail? Perhaps call the local authorities and ask them for help?
>.>
Actually, I do feel sorry... Just had to say it.
Re:Current Market Capitalization (Score:5, Funny)
For those not curious, here's a video of cats knocking shit over [aol.com].
Re:Who can you trust now? (Score:5, Funny)
It's like my grandpa used to say: "Kid,if you want security, go with U.S. government savings bonds. If you want pussy and meth on the Silk Road, go with Bitcoin." This also explains why my inheritance was mostly in Bitcoins.