08 Mar '13, 8pm

#Bitcoin Bitcoin brokerage loses $12,000 in digital heist

#Bitcoin Bitcoin brokerage loses $12,000 in digital heist

A Bitcoin broker fell victim to a major digital heist over the weekend after hackers snuck their way into its accounts and made off with $12,000 worth of the digital currency. The attack briefly shut down Bitcoin brokerage firm BitInstant over the weekend, as hackers took over its DNS servers and email accounts. RELATED STORIES How to get and spend Bitcoin, the booming digital currency The new underworld currency: Online gambling's Bitcoin future BitInstant, which acts as a middleman between Bitcoin exchanges and people looking to invest in the currency, said the attack did not compromise any customer accounts. Instead, hackers stole directly from the company's own accounts—a bit of silver lining for a brokerage that at one point last year was exchanging $2.5 million of Bitcoins every month . An attack on its customers could have been disastrous. Here's how it went down: A...

Full article: http://www.dailydot.com/news/bitcoin-bitinstant-12000-sto...

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