Bitcoin trading platform “defrauds” China investors

Channel News Asia – An online Bitcoin trading platform aimed at Chinese investors has suddenly closed, leaving hundreds with more than 20 million yuan ($3.3 million) in combined losses, a newspaper said on Thursday. Hong Kong-registered Global Bond Limited shut down in late October and disappeared before users could withdraw investments from their accounts, the China Business News said. Bitcoins – a form of digitally-created “e-money” – are stored in a virtual wallet, and can be sent directly to another person, bypassing banks and remaining largely anonymous. They were created in 2009 in the wake of the global financial crisis…