Tuesday February 10, 2015

Bitcoin Trader Closes, Taking $387M In Investor Funds

It sure seems like there has been a lot of this going on lately. frown

As Bitcoin experiences global growth and more widespread adoption in peer-to-peer payment circles, one Asian Bitcoin trading company has swiftly closed its doors, leaving investors facing massive losses. South China Morning Post reported the closure of Hong Kong-based MyCoin, which is believed to have left as many as 3,000 investors facing a total of HK$3 billion ($387 million) in losses.

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