ABC Australian – by Will Ockenden
A young Australian entrepreneur says his bitcoin website has been hacked and thieves have stolen more than $1 million in virtual currency.
Unlike old currencies bitcoin is digital, traded computer-to-computer, and often used to pay for goods and services on the internet.
But it has no central authority or government-based backing, and the alleged theft – one of the largest in the currency’s four-year history – raises questions about digital money and if it can ever be regulated. Continue reading “Australian bitcoin user TradeFortress says site hacked, $1 million in virtual currency stolen”

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