Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

thecrow

(5,520 posts)
Wed Sep 5, 2012, 06:33 PM Sep 2012

$250,000 worth of Bitcoins stolen in net heist

Source: NBC

A security breach at a purveyor of virtual currency Bitcoins (BTC) has resulted in the loss of very real dollars totaling around $250,000. Bitfloor, a major banking and exchange service for Bitcoins, may be facing shutdown after nearly their entire inventory was stolen.

Bitcoins are an experimental currency used mainly for online transactions. The total number of BTC is limited and new ones can only be "mined" very slowly. The value of a Bitcoin has fluctuated wildly in the three years since the currency was established, from as little as a few pennies to over $30. At today's valuation (around $10 each), the estimated 24,000 BTC stolen from Bitfloor equate to about $250,000.

The founder of Bitfloor, Roman Shtylman, announced the security breach on BitcoinTalk, a forum dedicated to discussion of the currency:

Last night, a few of our servers were compromised. As a result, the attacker gained accesses to an unencrypted backup of the wallet keys (the actual keys live in an encrypted area). Using these keys they were able to transfer the coins. This attack took the vast majority of the coins BitFloor was holding on hand. As a result, I have paused all exchange operations.



Read more: http://www.nbcnews.com/technology/technolog/250-000-worth-bitcoins-stolen-net-heist-980871



***********
I was going to put this in the Romney tax hack thread but there were a lot of posts (90).
This is additional information, not necessarily connected.... or is it?
8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

thecrow

(5,520 posts)
3. Since it happened last night and the tax hackers said they got in at night
Wed Sep 5, 2012, 06:45 PM
Sep 2012

I wonder if it was that the hackers became greedy?

Probably the burglar from the Sims.

Earth_First

(14,910 posts)
6. Except when individuals purchase bitcoins, they are taking delivery of weapons,
Wed Sep 5, 2012, 08:53 PM
Sep 2012

drugs, prostitution and everything else that is available on the underground marketplace...

Not baseball-card sized Orcs and Trolls...

Poll_Blind

(23,864 posts)
8. Went to the site, looked around. Never seen so many people not wanting to get the police involved..
Thu Sep 6, 2012, 02:42 AM
Sep 2012

...after a crime has been committed.



PB

Latest Discussions»Latest Breaking News»$250,000 worth of Bitcoin...