The federal government is busy addressing the crisis unfolding from the collapse of Mt.Gox after as much as $400 million worth of Bitcoins disappeared due to a known, but unaddressed security flaw. The U.S. Attorney for the Southern District of New York and the FBI have opened an investigation into possible criminal violations connected to the
A Bitcoin Backlash May Be Coming
With $400 million lost and uncertainty swirling around Bitcoin, a W.Va. senator has suggested outlawing the cryptocurrency altogether. But others say the collapse of Mt.Gox may be the shot in the arm Bitcoin needed to survive.