Bitcoin price crashes after massive account hack and sell-off

posted by
June 20, 2011
Posted in News

"A user account carrying a significant amount of Bitcoin on the trading site Mt. Gox was hacked by an unknown party, who then attempted to sell the lot to themselves and exchange the Bitcoin into US dollars. Then all hell broke loose. After word of this breach got out yesterday, the price of Bitcoin plummeted ..." (06/20/11)  


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