Bitcoin Forum

Bitcoin => Press => Topic started by: botany on October 23, 2014, 12:25:04 PM



Title: [2014-10-23] Guardian: Serial entrepreneur missing as $1.4m bitcoin is stolen
Post by: botany on October 23, 2014, 12:25:04 PM
British serial entrepreneur missing as $1.4m bitcoin is apparently stolen

http://www.theguardian.com/technology/2014/oct/23/british-serial-entrepreneur-missing-bitcoin-apparently-stolen

Almost $1.5m of bitcoins formerly held by cryptocurrency exchange Moolah have gone missing, after the exchange declared bankruptcy. The cash is believed to be in the personal wallet of the company’s founder and chief executive, Alex Green, who has not been heard from since Moolah went bust.


Title: Re: [2014-10-23] Guardian: Serial entrepreneur missing as $1.4m bitcoin is stolen
Post by: notthematrix on October 23, 2014, 01:17:56 PM
one word Multisig ....
And why do people trust castodion!


Title: Re: [2014-10-23] Guardian: Serial entrepreneur missing as $1.4m bitcoin is stolen
Post by: LiteCoinGuy on October 23, 2014, 02:15:03 PM
good luck to hide your ass for the next 50 years  :D


Title: Re: [2014-10-23] Guardian: Serial entrepreneur missing as $1.4m bitcoin is stolen
Post by: Lethn on October 23, 2014, 02:35:41 PM
holy shit Mintpal, while I didn't use that exchange other people clearly did, they're going to be pissed.


Title: Re: [2014-10-23] Guardian: Serial entrepreneur missing as $1.4m bitcoin is stolen
Post by: LiteCoinGuy on October 23, 2014, 05:53:32 PM
maybe this is a case for Rogers new bounty service...  ;)


Title: Re: [2014-10-23] Guardian: Serial entrepreneur missing as $1.4m bitcoin is stolen
Post by: bitsmichel on October 23, 2014, 10:21:28 PM
British serial entrepreneur missing as $1.4m bitcoin is apparently stolen

http://www.theguardian.com/technology/2014/oct/23/british-serial-entrepreneur-missing-bitcoin-apparently-stolen

Almost $1.5m of bitcoins formerly held by cryptocurrency exchange Moolah have gone missing, after the exchange declared bankruptcy. The cash is believed to be in the personal wallet of the company’s founder and chief executive, Alex Green, who has not been heard from since Moolah went bust.

This story is similar to Mt Gox unless he was kidnapped. If people are in control of your money they are tempted to take a run with it, be it exchanges or banks. To own a wallet is the only way to be in control of your money.  Why does the phrase contain "believe to be in the personal wallet" ? We do not need the word "believe", if we know the address we can simply look in the blockchain.