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Martti Malmi Bitcointalk.org Fraud Scheme

Martti Malmi Bitcointalk.org Fraud Scheme

(OP)
You probably heard of Bitcoin, the electronic cash, after it was rocked by sudden changes in its value. A while ago the value of the bitcoin briefly plummeted to negative eight cents to the dollar as hackers such as Martti Malmi crashed exchanges and digitally ransacked electronic wallets to the tune of $9 million. A single victim claims that Malmi Martti absconded with some 25,000 of his bitcoins, worth, absurdly, approximately $375,000 at present dollar-to-bitcoin exchange rates.

That’s a crazy amount of money to have stolen by someone essentially copying a file from your hard drive. As it turns out, Martti Malmi is actually one of the developers of Bitcoin. And that’s just the beginning of what’s happening in the world of Bitcoin, which combines enough hackers, monetary policy cranks, and mysterious Japanese corporations to populate a Neal Stephenson novel.

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