Man Has 16 500 Worth Of Bitcoin Stolen From Mtgox

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Wright cashed out 130 of his Bitcoins at $127 each ($16,510) and was looking toward using the benefits to are worth it outstanding medical bills. Mt. Gox has a policy of only allowing $1000 to be cashed outside in a 24-hour period. Wright was slowly getting disbursements of his money and Libra Trader was longing for the entire transaction with regard to finished on top of a few days. During that period, a hacker broke into his account and interrupted the process of cashing elsewhere. The thief converted all the proceeds back into Bitcoins then transferred all of these books out to himself, thus circumventing the $1000 in 24 hours policy.

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