LNLBT back in business in Second Life
The story we ran about someone brute-force hacking several Second Life banks has a happy resolution, at least for one of the banks: LNLBT is back in business, and their insurance is back in force with The Rock as well. SL Investor's Bank is still insured, and the other three affected banks were never insured.
LNLBT are distributing new ATMs and have new security measures in place - hopefully properly instituted this time. It is nice to see a financial story in Second Life with a happy ending though.
Although that article speculated about the possibility of police involvement due to fraud, it appears from an article in the Second Life Herald that WSE may be the first organisation to face legal investigations following the way they handled defaulting on a payment to Midas Bank and then foreclosing on their trading operations, which we reported at the start of the month.
