PayPal washes its hands of bitcoin scam
Will Phillips is £5,300 out of pocket after falling victim to a very 21st-century financial scam involving hacked PayPal accounts and the digital currency bitcoin. For the uninitiated, bitcoin is a "virtual currency" that, depending on who you believe, is going to change the world by turning e-commerce on its head, or end very messily like a modern-day version of the "tulip mania" that gripped the Netherlands in the 17th century.
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