Second Life financial institutions crippled by bank run

01/23/2008 | Wall Street Journal (free content), The

Banks in the online virtual reality game Second Life are suffering from a drastic crisis of confidence that is costing game players real money, according to this article. Linden Labs, which operates Second Life, shuttered several virtual banks that allegedly were not paying promised rates of interest on the game's "Linden dollars." Linden dollars are purchased with actual money -- yesterday the exchange rate was about 269 Linden dollars per $1.

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Wall Street Journal (free content), The

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