Days in Operation:
100 pts each
The operators claimed to be from Hong Kong, when in fact they were three citizens of mainland China. This actually ended fairly quickly with their arrest within 3 months in December 2013. Unfortunately for the GBL investors the exchange turned out to be a con and on October 26 the people behind the scheme absconded with all of the funds"... "Bitcoin reached an all-time high of more than $400 on Wednesday, just weeks after a multimillion-dollar exchange in China disappeared.
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