(Reuters) – Cyber criminals have infected hundreds of thousands of computers with a virus called “Pony” to steal bitcoins and other digital currencies, in the most ambitious cyber attack on virtual money uncovered so far, according to security firm Trustwave.
Trustwave said on Monday that it has found evidence that the operators of a cybercrime ring known as the Pony botnet have stolen some 85 virtual “wallets” that contained bitcoins and other types of digital currencies. The firm said it did not know how much digital currency was contained in the wallets.
Bitcoin exchange Mt. Gox disappears in blow to virtual
(Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, looked to have essentially disappeared on Tuesday, with its website down, its founder unaccounted for and a Tokyo office empty bar a handful of protesters saying they had lost money investing in the virtual currency.
The digital marketplace operator, which began as a venue for trading cards, had surged to the top of the bitcoin world, but critics – from rival exchanges to burned investors – said Mt. Gox had long been lax over its security.
Food for thought from Professor Neil Postman 1997 –
“These are my five ideas about technological change.
First, that we always pay a price for technology; the greater the technology, the greater the price.
Second, that there are always winners and losers, and that the winners always try to persuade the losers that they are really winners.
Third, that there is embedded in every great technology an epistemological, political or social prejudice. Sometimes that bias is greatly to our advantage. Sometimes it is not. The printing press annihilated the oral tradition; telegraphy annihilated space; television has humiliated the word; the computer, perhaps, will degrade community life. And so on.
Fourth, technological change is not additive; it is ecological, which means, it changes everything and is, therefore, too important to be left entirely in the hands of Bill Gates.
And fifth, technology tends to become mythic; that is, perceived as part of the natural order of things, and therefore tends to control more of our lives than is good for us.”
Some things to consider.