Monday, February 10, 2014

Joe Weisenthal — Bitcoin Just Completely Crashed As Major Exchange Says Withdrawals Remain Halted


Software issue.
Non-technical Explanation: A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate this issue.
Business Insider — Clusterstock
Bitcoin Just Completely Crashed As Major Exchange Says Withdrawals Remain Halted
Joe Weisenthal

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