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Wright cashed out 130 of his Bitcoins at $127 each ($16,510) and was looking toward using the profits to be worthwhile outstanding medical bills. Mt. Gox possesses a policy of just allowing $1000 to be cashed in a 24-hour period. Wright was slowly getting disbursements of his money and was seeking the entire transaction with regard to finished very quickly few several weeks. During that period, a hacker broke into his account and interrupted the associated with cashing out. The thief converted all the proceeds back into Bitcoins then transferred all of these books out to himself, thus circumventing the $1000 per policy.
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