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Topic: [2016-04-17]Is Igot Going the Mt Gox Way? (Read 229 times)

legendary
Activity: 1596
Merit: 1027
April 17, 2016, 05:34:35 PM
#1
Is Igot Going the Mt Gox Way?

The landscape of the Bitcoin industry is changing rapidly. Bitcoin companies that made a name in the early days are either shut down or falling into pieces due to various factors. Mismanagement tops the list of factors responsible for the downfall. The first taste of things to come was delivered to the Bitcoin community in the form of Mt Gox, the biggest Bitcoin exchange of that time which declared bankruptcy after hackers allegedly stole bitcoins belonging to them. There are other versions of this story which ends with its founder and CEO, Mark Karpales misappropriating the assets for his own benefit. Well, it is still being investigated and until its proven and a sentence delivered, let us not dwell on it...

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