yeah dont worry... keep buying bitcoins....LOL, youre money is really safe..... dumbasses
http://blogs.marketwatch.com/thetell/2013/11/12/chinese-bitcoin-exchange-disappears-with-4-1-million/Chinese bitcoin exchange disappears with $4.1 millionWhen in doubt about the location and basic information for a trading platform, it’s probably best not to pour money into it.
About 1,000 investors in mainland China lost the equivalent of $4.1 million when the Chinese bitcoin exchange GBL shut down on Oct. 26, highlighted in a post by CoinDesk. The disappearance came amid broad-based suspicions about the authenticity of the site, according to reports, which flagged a lack of contact information, a failure to procure a financial-services license and questions about the company’s location.
Bitcoin experts have attributed the slew of record bitcoin highs in part to the rise in Chinese demand. The Chinese bitcoin exchange BTC China has taken over as the most heavily traded and the Chinese yuan makes up roughly 50% of international exchange volume, according to Greg Schvey, head of research at the Genesis Block, a bitcoin research firm. Read: The next 10 investment bubbles
One bitcoin recently bought $384.00 on the trading exchange Mt. Gox, with prices poised for a run on $400.
The bigger takeaway from this incident is that the disappearance of a bitcoin exchange is quite common, according to research highlighted by WantChinaTimes.com.
Of the 40 trading platforms created in the past three years, 18 have closed and 13 of those closed exchanges didn’t give a warning before shuttering operations, research from Southern Methodist University and Carnegie Mellon University professors showed.
The U.S. Senate Committee on Homeland Security and Governmental Affairs is scheduled to hold a hearing on virtual currencies on Nov. 18. “Witnesses will testify about the challenges faced by law enforcement and regulatory agencies in dealing with virtual currencies, like bitcoin. The hearing will also provide a perspective from non-governmental entities who can discuss the promises of virtual currency for the American and global economies,” the press release said.