Mostly… fixed income and cross product eTrading

August 13, 2007

Stock exchange hacked

Filed under: Nuts and Bolts — holky @ 4:53 am

In late July, a perpetrator with privileged information hacked into a stock exchange’s computers, made false deposits, then ran off with what appears to be the equivalent of $10,000, disappearing into thin air. It was the World Stock Exchange in Second Life, and this is now prompting discussion of whether this market needs to be regulated and if so then who should do it.Full story in business week

Original Second Life post here

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