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A comment on Computer compromise leads to theft of bitcoins valued at $500,000 USD. Parent comment

Re:Computer compromise leads to theft of bitcoins valued at ... by mootothemax on Tuesday June 14, 2011 @10:32AM (#2653087)
With a bank you might be able to get it back

I'm not sure that's true. As I mentioned in another comment, the CHAPS payment system doesn't allow transactions to be reversed, and the other major system in the UK, Faster Payments, I believe has a 24 window for banks to request a reversal, usually in case they transmit something by mistake.

Honestly, I think we place too much faith in banks sometimes.

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Re:Computer compromise leads to theft of bitcoins valued at ... by nokcha on Tuesday June 14, 2011 @01:28PM (#2653886)
In the US, consumer liability for fraudulent withdrawals from bank accounts is generally limited to $500 by federal law, provided that the consumer detects the fraud and notifies the bank within 60 days. The bank is responsible for the amount in excess of $500. Many banks even have a policy to refund the entire amount fraudulently deducted.
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Re:Computer compromise leads to theft of bitcoins valued at ... by StavrosK on Tuesday June 14, 2011 @10:48AM (#2653176)
Probably... At least it would be more traceable, though...
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