Faculty News

Prof. Arun Sundararajan on the security breach at Bitcoin exchange Mt. Gox

Excerpt from Voice of America -- "No one really knows why the bitcoin broker shut down. But economics professor Arun Sundararajan says signs point to a security flaw. 'It seems to have been a security breach more than anything else where a lot of the bitcoin was stolen by hackers. And as a consequence, Mt. Gox had to stop trading. And of course this has sort of lowered the value of the bitcoin traded at Mt. Gox considerably,' said Sundararajan."

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