[2014-10-24] British serial entrepreneur missing as $1.4m bitcoin is apparently

[wardla]

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


A Dutch cafe offers to take bitcoins. A Dutch cafe offers to take bitcoins. Photograph: Alamy

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.

In the last public communication from Green on 19 October, he revealed that he was previously known as Ryan Kennedy until a name change by deed poll “in an attempt to start my life over and have some peace”.

As Kennedy, he had gained notoriety among communities including British fans of anime Japanese cartoons, as well as bitcoin investors, for a series of failed business ventures including Flirble, a web hosting service that ran for two months and Lemon, a bitcoin mining firm that shut down in 2013.

[Kprawn]

It sucks when things like this happens. 

One or two greedy people, tarnish the whole reputation of a crypto currency. Warning flags should have gone up, when a man with no online footprint, was trusted with $1.4m worth of coins.

Lessons needs to be learned through this. Trust those, who has everything to lose.

When a company is backed by reputable people with a good track record, it will prosper.

[cr1776]

Treating an exchange as a bank is a bad idea. If you don't have the keys, you don't own the coins and are merely a debtor.

[freedomno1]

Well this guy needs to be hunted down and retrieved
Seems like an easier catch given all the previous frauds he has operated than some other people (cough karpeles)
That said it really is annoying when someone runs with the coins, it does make me wonder what happened to all the Altcoins?