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Bitcoin Plummets as MtGox Continues to Halt Withdrawals

Date:
February 10, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
The price of bitcoin continues to fall on Monday after Tokyo-based bitcoin exchange MtGox said the virtual currency contains a bug that allows for fraud. MtGox said the bug causes problems when customers try to make transactions to a third party. The exchange said the bug makes it appear that the transfer did not go through, which can prompt multiple transfers unintentionally on behalf of the sender. The exchange halted bitcoin withdrawals over the weekend and said on Monday that withdrawals would not be allowed to resume until the issue has been properly addressed. Video provided by TheStreet


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