Bitcoin Theft Halts All Transactions

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Mount Gox, one of the most popular exchanges for Bitcoins, has shut down for all transactions after the theft of more than 700,000 bitcoins worth $350 million. The massive theft involves some 6% of all the bitcoins in circulation. Robert McMillan, senior writer for Wired magazine, explains how it happened and what it could mean for an alternative currency system.




Warren Olney