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Author Topic: [2014-10-23] Guardian: Serial entrepreneur missing as $1.4m bitcoin is stolen  (Read 1325 times)
botany
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October 23, 2014, 12:25:04 PM
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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.
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October 23, 2014, 01:17:56 PM
 #2

one word Multisig ....
And why do people trust castodion!

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October 23, 2014, 02:15:03 PM
 #3

good luck to hide your ass for the next 50 years  Cheesy

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October 23, 2014, 02:35:41 PM
Last edit: October 24, 2014, 06:02:30 AM by Lethn
 #4

holy shit Mintpal, while I didn't use that exchange other people clearly did, they're going to be pissed.
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October 23, 2014, 05:53:32 PM
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maybe this is a case for Rogers new bounty service...  Wink

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October 23, 2014, 10:21:28 PM
 #6

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.

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