06 Mar '13, 6pm

BitInstant back online following breach, Bitcoin theft

BitInstant back online following breach, Bitcoin theft

BitInstant, one of the online Bitcoin exchange services, has been down and unaccessible from Thursday evening to Monday due to a "sophisticated attack," which resulted in a loss of $12,480 in Bitcoins, but luckily no user data compromise. "We've long been targeted by someone using social engineering tactics to attempt to compromise our various accounts at exchanges, with our hosting provider Amazon AWS and even on my personal accounts, mostly without success," explained one of the BitInstant team. "At no time have we ever had a single system or account compromised through technical means, or indeed at all before yesterday." But the weak link proved to be Site5, the site's domain registrar, as the attackers managed to convince Site5 staff with clever social engineering that they were talking to the aforementioned representative, and to add a new email address to the site's ...

Full article: http://www.net-security.org/secworld.php?id=14561

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