Virtual currency exchange MT Gox says that an anonymous hacker used phoney Bitcoins to flood the market and drive down prices causing a spectacular market crash last month.
Seems we'll soon need regulators and fiduciary bodies to govern virtual money. With the increasing volume of virtual currency and numerours instances of 'stealing' virtual money for real money, the lax security in the virtual world is just not justified.
So just get real people, and deal with real money!!
© Finextra Research 2013