Recent BitCoin Casualties


Related Bitcoin news:

28 Year Old CEO Of Bitcoin Exchange Dead After Possible Suicide –

(Benjamin Jones)  According to Tech in Asia, Singapore-based Bitcoin exchange platform First Meta’s 28 year old CEO Autumn Radtke committed suicide. Reasons are currently unknown.
[UPDATE: Tech in Asia has updated the article to emphasize that suicide is only suggested and not certain]
First Meta is a Singaporean start up company that runs a exchange platform for virtual currencies such as Bitcoin. The news of suicide of its CEO Autumn Radtke spread on Facebook and Twitter, drawing attention from the BItcoin industry.
The exact reason that may have led to the suicide is not known, and whether the Police have concluded that the cause of death is suicide is also unofficial. First Meta has stated that an official announcement will be given by the company soon.
Before joining First Meta, Radtke was the Director of Business Development at Xfire – a company that develops IM systems for gamers. Radtke was also the Co-founder, Business Development at Geodelic Systems, Inc.
The Bitcoin market is fairly unstable right now, facing wave after wave of turmoils. On Tuesday one of the biggest Bitcoin exchange centre Mt. Gox suddenly ceased its operations, its company CEO stating that the industry is at its ‘turning-point’, bringing Bitcoin investors great concern over the unregulated virtual currency.
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3 thoughts on “Recent BitCoin Casualties”

  1. Dahboo77 says “It shows how vunerable this bitcoin system can be”. That shows how ignorant about the bitcoin system he is. Both MtGox and Flexcoin crashes were caused by front end flaws (Flexcoin) and incompetence/bad intentions (MtGox). None of them has to do with the blockchain or the so called bitcoin system. They have to do with the fact that people still don’t want to assume responsability for managing their own assests and prefer to deposit them in third party hands. No one who has a personal encrypted password protectes wallet in their own computers has been hit by such problems. The problem IS NOT the bitcoin system. The problem lies on the systems those people rely on to guard their bitcoins.

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