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Bitcoin will recover from crash - Printable Version

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Bitcoin will recover from crash - forwardone - 06-22-2011 09:03 AM

The virtual currency Bitcoin will "bounce back" after a hack attack caused its value to collapse, according to one of its senior developers.

Gavin Andresen said he hoped the crisis would lead to better security on sites where Bitcoins are bought and sold.

Prices on the main exchange, Mt.Gox, fell from $17.50 (£10.80) to almost zero when a large number of stolen Bitcoins were dumped on the market.

http://www.bbc.co.uk/news/technology-13857192