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> was the subject of massive fraud in Italy due to its recent decision to accept (only) Bitcoins Can you elaborate please? What's the fraud angle?

• gamblor956 13y ago
  They discuss it briefly, that after they announced the switch to Bitcoin-only payments, they suddenly became the target of various bank deposit frauds. The gist of it is that people were claiming that unauthorized withdrawals were made from their accounts to Clipperz' bank account. These persons were able to show "proof" of the outbound transactions, though apparently the corresponding inbound transactions had not actually (yet?) shown up in Clipperz accounts. Presumably, under Italian law Clipperz would have been required to reimburse them for these unauthorized transactions (assuming that such transactions actually took place). As they are based in Italy, it is likely that Clipperz was the target of organized crime.
  • genwin 13y ago
    Thanks for that explanation. So the fraud is unrelated to Bitcoin, I take it.