06 Mar '13, 11am

BitInstant becomes latest bitcoin theft victim

BitInstant becomes latest bitcoin theft victim 15 hours ago | 1802 views | 0 Using simple social engineering techniques, an attacker has managed to steal around $12,500 in bitcoins from virtual currency exchange BitInstant. BitInstant went offline over the weekend before reappearing on Monday with a blog post explaining the attack. According to the post, an attacker contacted the site's domain registrar - proxying through a network owned by a UK haulage company - posing as the writer and using a "very similar" e-mail address. Armed with details of the writer's place of birth and mother's maiden name, presumably found online, the attacker convinced the domain registrar, Site5, to add their e-mail address to the account and make it the primary login. After gaining access, the attacker managed to steal $12,480 worth of bitcoins and send them in three instalments to other bitc...

Full article: http://www.finextra.com/News/FullStory.aspx?newsitemid=24607

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