Australian Bitcoin Exchange Igot “On the Verge of Collapse”

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Australian Bitcoin Exchange Igot “On the Verge of Collapse”

Postby » Sun Apr 10, 2016 11:47 am

Its a sad reality that all cryptocurrency users are well aware of: since the collapse of MtGox, exchanges appear to be a weak point in the system, routinely targeted by hackers and sometimes failing to withstand the attacks. The Australian Broadcasting Corporation (ABC) reports that, Igot, an Australian-founded bitcoin exchange “appears on the verge of collapse, with dozens of customers and clients claiming to be owed hundreds of thousands of dollars.”

The founder of the exchange, Rick Day, admitted to ABC that Igot was struggling but tried to reassure that it will come through on its commitments. “I am well aware that customers ... (read more)

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