BitCoin Exchange Loses $250,0000 After Unencrypted Keys Stolen

BitCoin Exchange Loses $250,0000 After Unencrypted Keys Stolen | PCWorld Business Center

pcworld.com 05 Sep '12, 8am

BitCoin Exchange Loses $250,0000 After Unencrypted Keys Stolen

Hackers stole about US$250,000 from BitFloor, a BitCoin exchange, on Monday, and it does not have the money to reimburse account holders, according to the website's founder. Similar Articles: World's First Virtual Heist? BitCoin User Loses $500,000 Faked Bitcoins Caused Price Crash, Exchange Reveals Hackers Steal $6.7 Million in Cyber Bank Robbery U.S. Senators Want to Shut Down Bitcoins, Currency of Internet Drug Trade Bitcoin: From Success To Flop In Record Time? Hackers Break Into Bitcoin Exchange Site Bitcoinica, Steal $90,000 in Bitcoins Twitter Breached, 50K Accounts Posted to Internet BitCoins are an electronic currency that are generated as computers solve a changing mathematical problem. A BitCoin is essentially just a secret number, which is protected from unauthorized transfers by public key cryptography, that is associated with an 34-character alphanumeric "add...

Full article: http://www.pcworld.com/businesscenter/article/261894/bitc...

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