AurumXChange investigation reveals Bitcoinica founder Zhou ...

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On May 11, Bitcoinica's 17-year-old founder, Zhou Tong, posted on the Bitcointalk blog that the virtual bank had apparently been robbed: "Today, we have discovered a suspicious Bitcoin transaction ... Bitcoin exchange site Bitcoinica suspended its operations on Friday after hackers managed to steal 18,547 bitcoins -- valued at about $90,000 -- from its online wallet. A 17 year old coder and entrepreneur named Zhou Tong (pictured above) created a website last year. The growth that his website exhibited is inspirational. In less than 6 months Bitcoinica.com was home to over one million dollars in assets. That young entrepreneur sold Bitcoinica a couple months ago and the new owners are having troubles operating the site securely. Zhou Tong is one spectacular ... Zhou Tong emphasizes that his process was independent from Bitcoinica, and that both his claimants and those who missed the opportunity should seek their 70% payment from the official claims process as well. Many victims of the crisis have already written off the situation as hopeless and are content to simply wait and see if they ever do get any of their money back, but others are not so ... 58 upvotes, 17 comments. Posted in the Bitcoin community. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts . r/Bitcoin. log in sign up. User account menu. 58. AurumXChange investigation reveals Bitcoinica founder Zhou Tong appears to be responsible for recent "hack" of Bitcoinica. AurumXChange freezes his account and begins legal proceedings. Close ...

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