31 Jul '12, 7am

BTC-e Attacked #bitcoin

BTC-e Attacked #bitcoin

A moderator of the chat at BTC-e known as “Dev” indicates that a malicious entity was able to deposit fake Liberty Reserve funds, and use them to purchase Bitcoins. The moderator went on to state that “they [were] able to withdraw [a] small amount of BTC on our bitcoin server”. The exact amount is still unknown. The European Bitcoin exchange intends to perform a rollback on the fraudlent deposits and resulting trade transactions at around 7:10 AM GMT 7/31/12. Quick tabulations based on volume reported by Bitcoin Charts indicate around 63,500 Bitcoins have been fraudulently purchased at prices of up to $80/coin. With MtGox prices still hovering around $9.30/coin, such a differentiation in price has already caused panic on the exchange, with many users hovering on the website’s chat, trying to ensure that their funds are safe. As of 7:34 AM GMT, a rollback of the fraudulent ...

Full article: http://bitcoinmagazine.net/btc-e-attacked/

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