Banks Favor Big Names According to local news media outlet Business Korea, exchanges using corporate bank accounts may face sudden halts to service or even an obligation to cease trading altogether. (bitcoinist.com)
Indeed, the sudden halt of Bitconnect drew parallels to Mt. Gox, a major cryptocurrency exchange that shuttered in 2014 after losing virtually all its Bitcoins — largely through a massive hack, but also through the alleged embezzlement and mismanagement of its CEO. (fortune.com)
But at least some of that cooperation appears to have come to a sudden halt since Ruslan Stoyanov, head of the computer incidents investigation team at Russian cyber security firm Kaspersky Lab, was arrested in December on suspicion of treason. (fortune.com)