Australian Bitcoin bank hacked: $1m+ stolen

[Maestro]

Australian Bitcoin bank hacked: $1m+ stolen

November 8, 2013 - 1:53PM
Ben Grubb

A four-month-old Australian Bitcoin bank holding more than $1 million has been hacked, leaving thousands of customers in the lurch including a man who claims he was holding the virtual currency to buy a house with his girlfriend.

The alleged hacking happened on both October 23 and 26, with the service's operator, known only as "Tradefortress ", saying hackers stole all 4100 Bitcoins held by the wallet service, or $1.3 million at the time of writing. The Bitcoins were stored on servers in the US and it wasn't until this week that he decided to notify customers.

The incident again raises questions as to whether Bitcoin is a viable, stable and secure currency.

Read more: http://www.theage.com.au/it-pro/security-it/australian-bitcoin-bank-hacked-1m-stolen-20131108-hv2iv.html

-- The Age 2013-11-08

[brit1984]

this might affect bitcoin's "value"...

[Maestro]

Hackers steal $1m from Bitcoin site

Inputs.io, known as TradeFortress, waits two weeks to report loss of 4,100 Bitcoins in two separate hacks to its customers

Alex Hern

theguardian.com, Friday 8 November 2013 10.40 EST

More than $1m of Bitcoins were stolen when payment processor Inputs.io was hacked, according to the site's owner.

"Two hacks totalling about 4100 BTC have left Inputs.io unable to pay all user balances," the owner wrote in a message headlined ":(".

"The attacker compromised the hosting account through compromising email accounts (some very old and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA due to a flaw on the server host side."

Read more: http://www.theguardian.com/technology/2013/nov/08/hackers-steal-1m-from-bitcoin-tradefortress-site

-- the guardian 2013-11-08

[Maestro]

this might affect bitcoin's "value"...

23 OCT USD 203.98

26 OCT USD 184.35

08 NOV USD 315.84

Source: https://coinbase.com/charts

[brit1984]

i'm going to start a new currency... Britcoin

medium of exchange will be my toe nails

[iluvthailand]

There is an active Bitcoin community in Bangkok.

[Neeranam]

On 11/9/2013 at 3:06 AM, iluvthailand said:

There is an active Bitcoin community in Bangkok.

Damn, I missed this post !