A series of bad news of Bitcoin: arrests, 2 robberies leading to bankruptcies and a suspected suicide

BitCoin, as it was just getting to be recognized by my more major retailers and companies (eBay allowing the sell, PayPal says they support, TigerDirect & Overstock.com) but then I turn of really bad news.

On January 28 CNN Money reported that Bitcoin exchange CEO arrested for money laundering

charlie shrem bitcoin
Charlie Shrem is the CEO of BitInstant. He was arrested by federal authorities on Sunday, January 26, 2014.

MSN Money Reports Mt. Gox files for bankruptcy, hit with lawsuit February 28, 2014 2:30 PM ET

TOKYO (Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.


Read more about htis at: http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140228&id=17393259&ocid=ansmony11

Business Insider: Bitcoin Site FlexCoin Announces It’s Going Out Of Business After Every Single One Of Its Coins Gets Stolen In A Single Theft

 (AFP/File, Philippe Lopez)

(AFP/File, Philippe Lopez)

Washington — An alleged theft by hackers forced another online business serving bitcoin traders and investors to shut down Tuesday.

Flexcoin, which billed itself as a bank for the virtual, crypto-currency, said someone attacked its systems and stole nearly $600,000 worth of bitcoin.

“On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC,” the company posted on its website.

“As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.”

Read more: http://www.businessinsider.in/Bitcoin-Site-Announces-Its-Going-Out-Of-Business-After-Every-Single-One-Of-Its-Coins-Gets-Stolen-In-A-Single-Theft/articleshow/31414294.cms

CNBC Reports: Bitcoin CEO found dead in Singapore in apparent suicide

Autumn Radtke, CEO of First Meta, was found dead in her Singapore home last week. Radtke, did business with major tech companies such as Verizon and Dell.

Autumn Radtke - with a dog.  BitcoinAutumn Radtke’s LinkedIn profile detailed her extensive experience in technology startups that did business with large companies such as Dell and Verizon.

A U.S.-born Bitcoin currency executive was found dead in an apparent suicide in her Singapore home, the company said in a statement.

Autumn Radtke, 28, CEO of First Meta, was found dead last week by local police in her home in what is believed to be a suicide, but police have yet to determine the cause of Radtke’s sudden death, CNBC reported.

Read more:




About The Mental Meddler

A quirky, opinionated gay guy who offends both liberal and conservatives.

Posted on March 5, 2014, in Bitcoin, Business News, News & Politics and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink. 1 Comment.

  1. There’s certainly a lot to find out about this subject. I like all of the points you’ve made.


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