Feds Close Silk Road Arrest Owner Steal 26 000 Bitcoins
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Wright exchanged for money 130 of his Bitcoins at $127 each ($16,510) and was looking toward using the earnings to are worth it outstanding medical bills. Mt. Gox possesses a policy of just allowing $1000 to be cashed out in a 24-hour period. Wright was slowly getting disbursements of his money and was looking forward to the entire transaction end up being finished the next few several weeks. During that period, a hacker broke into his account and interrupted the associated with cashing accessible. The thief converted all the proceeds back into Bitcoins then transferred every one out to himself, thus circumventing the $1000 a day policy.
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