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Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by PeterisP on Tuesday November 12, 2013 @06:29PM (#6722200)
The current case has zero problems with technical security - it's the ages-old problem of someone holding money of consumers and then running off with it.

There's a single solution (that bitcoiners tend to dislike) - regulate all such entities, requiring them to (a) verify their identities, and (b) post bonds/statutory capital in proportion to all held funds, to ensure that depositors are paid back if the company folds or turns out to be a fraud, i.e., the same rules as banks have to follow.

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