First Bitcoin Lawsuit Filed In San Francisco

A recent theft at Bitcoinica , one of the largest Bitcoin exchanges, resulted last week in a debut for the currency in the California court system. Four prominent members of the Bitcoin community, including Jed McCaleb —the original developer of Mt. Gox, the largest Bitcoin exchange and a competitor to Bitcoinica—filed a lawsuit on 6 August against the company, seeking reimbursement for US $460 457 in lost funds. While there have been multiple hacking incidents since the cryptocurrency went online in 2009, this is the first time members of the community, have taken legal action. The whole affair started in March when hackers skimmed over 46 000 BTC from the exchange with an attack aimed at the Webhost, Linode. Three months later, Bitcoinica Consultancy, which has supposedly been handling the exchange since this April, announced that it lost another 4 ,000 BTC (about $350 a...

Full article: http://spectrum.ieee.org/tech-talk/computing/networks/fir...

Tweets

@EHRworkflow » 21 Aug '12, 12pm
Fascinating but confusing! > First Bitcoin Lawsuit Filed In San Francisco [link] What's a "bitcoin"? [link]
@TC_Davis » 17 Aug '12, 10pm
@bradlabonte Bitcoins! [link] https://t.co/4LmlJDhu
@jhewitt123 » 15 Aug '12, 12pm
Bitcoin courthouse debut: [link]
@sweetaroll » 15 Aug '12, 2am
More #bitcoin interestingness - how to deal with theft in a completely unregulated/decentralized currency? [link]
@M0P1JMLHIAIWNX9 » 14 Aug '12, 10pm
RT @BitCoinReporter: First Bitcoin Lawsuit Filed In San Francisco - IEEE Spectrum [link] #bitcoin
@CryptoCurrent » 14 Aug '12, 10pm
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@nanewsnetwork » 14 Aug '12, 8pm
First Bitcoin Lawsuit Filed In San Francisco - IEEE Spectrum. [link] #NoAgenda
@carlosolin » 14 Aug '12, 8pm
Mt. Gox, the largest Bitcoin exchange and a competitor to Bitcoinica—filed a lawsuit on August 6 against the company [link]
@willgreenzilla » 14 Aug '12, 8pm
“First Bitcoin Lawsuit Filed In SF: After nearly 400K in hacking losses... [link]” bitcoin is a joke lol
@cafbear » 14 Aug '12, 7pm
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@IEEESpectrum » 14 Aug '12, 7pm
First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]
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@EDANews » 14 Aug '12, 7pm
First Bitcoin Lawsuit Filed In San Francisco [link]
@CryptoCurrent » 16 Aug '12, 5am
First Bitcoin Lawsuit Filed In San Francisco - IEEE Spectrum [link] #cryptocurrent
@auweia1 » 15 Aug '12, 3pm
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@tim_harper » 15 Aug '12, 2pm
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@CientificaLtd » 15 Aug '12, 2pm
First Bitcoin Lawsuit Filed In San Francisco [link]
@cayzer » 15 Aug '12, 2pm
First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]
@plusultratech » 15 Aug '12, 2am
RT @IEEESpectrum: First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]
@Slestac » 14 Aug '12, 11pm
RT @IEEESpectrum: First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]
@jledo » 14 Aug '12, 10pm
First Bitcoin Lawsuit Filed In San Francisco [link]
@BitCoinReporter » 14 Aug '12, 10pm
First Bitcoin Lawsuit Filed In San Francisco - IEEE Spectrum [link] #bitcoin
@nsashi » 14 Aug '12, 8pm
First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]
@USNavyIPs » 14 Aug '12, 7pm
First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]
@HowonKim2 » 14 Aug '12, 7pm
First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]
@CientificaLtd » 14 Aug '12, 7pm
First Bitcoin Lawsuit Filed In San Francisco [link]
@electrosoftinc » 14 Aug '12, 7pm
First Bitcoin Lawsuit Filed In San Francisco [link]
@wkenneth » 14 Aug '12, 7pm
First Bitcoin Lawsuit Filed In San Francisco: After nearly 400K in hacking losses to a major exchange, bitcoine... [link]