Future of top US Bitcoin exchange in doubt after hackers grab $250,000

$250,000 in Bitcoins Stolen From Hacked Exchange

thenextweb.com 05 Sep '12, 5am

Future of top US Bitcoin exchange in doubt after hackers grab $250,000

BitFloor , a major Bitcoin exchange and the biggest in the US, today suffered a devastating loss after their servers were compromised and 24,000 Bitcoins were taken — a value of roughly $250,000. The affected servers contained a backup of BitFloor wallet keys. The main files reside in an encrypted area, and the problem occurred after the site’s operator did a manual upgrade and put these files in an unencrypted area, according to Roman Shtylman on Bitcointalk . Wallet keys are required to send funds from a Bitcoin wallet to any other address. Shtylman reports that the USD funds BitFloor is holding remain secure, but the substantial loss means it cannot cover all account balances in BTC and will be ceasing operation until a plan ahead is sought. Proceeding ahead under a fractional banking system, in which a bank keeps a fractional reserve but lends out the majority of money...

Full article: http://thenextweb.com/insider/2012/09/05/top-us-bitcoin-e...

Tweets

@aftervertue » 05 Sep '12, 10pm
RT @noUpside: Bad day for Bitcoin's image. A $250k hack, and the Romney extortion... [link] [link]
@noUpside » 05 Sep '12, 10pm
Bad day for Bitcoin's image. A $250k hack, and the Romney extortion... [link] [link]
@digitalsurgeons » 05 Sep '12, 6pm
I hope they remake Heat with a Bitcoin heist scene. With any luck, it will be half as exciting as the real thing. [link]
@gmurran » 05 Sep '12, 3pm
RT @rickmans: Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
@Marketing7G » 05 Sep '12, 10am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link] M7G
@glen_richardson » 05 Sep '12, 8am
Oh dear, $250k in Bitcoins has been stolen. This could be a fatal blow [link]
@assembly » 05 Sep '12, 8am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link] (@arsydotorg)
@All_Trends_IT » 05 Sep '12, 8am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link] via Joel Falconer
@DavidBianic » 05 Sep '12, 7am
BitFloor, un des principaux acteurs des Bitcoins aux US s'est fait dévaliser. [link]
@f2facebook » 05 Sep '12, 6am
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@viljander » 05 Sep '12, 6am
digirobbery: Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
@Pichaisornplang » 05 Sep '12, 6am
RT @scomma: BitCoin Exchange โดนอีกที่แล้ว แฮคเกอร์ปล้นไป 24,000 BTC (7.7 ล้านบาท) [link]
@scomma » 05 Sep '12, 6am
BitCoin Exchange โดนอีกที่แล้ว แฮคเกอร์ปล้นไป 24,000 BTC (7.7 ล้านบาท) [link]
@SystemBugRpt » 05 Sep '12, 5am
RT @tweets_tech: TNW: Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
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@gtn11 » 05 Sep '12, 5am
BitFloor, a major Bitcoin exchange and the biggest in the US, today suffered a devastating loss after their serv... [link]
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RT @TNWsocialmedia: Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
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The Next Web: Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000: BitFloor, a major Bitcoin exchange and t... [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000: BitFloor, a major Bitcoin exchange and t... [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000: BitFloor, a major Bitcoin exchange and t... [link]
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@ShopEden » 05 Sep '12, 5am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000: BitFloor, a major Bitcoin exchange and t... [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
@techjownes » 05 Sep '12, 5am
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
@4iHD » 05 Sep '12, 5am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
@PeeBrains » 05 Sep '12, 5am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link] via @TNW
@NecoleLiddick » 05 Sep '12, 5am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000: BitFloor, a major Bitcoin exchange and t... [link]
@prezmo » 05 Sep '12, 5am
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000: BitFloor, a major Bitcoin exchange and t... [link]
@J17CRG » 05 Sep '12, 5am
Future of top US Bitcoin exchange in doubt after hackers grab $250,000 [link]
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Future of top US Bitcoin exchange in doubt after hackers grab $250,000: BitFloor, a major Bitcoin exchange and t... [link]
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