Bitcoin exchange market hacked for US$250,000 loss: Bitfloor, the largest Bitcoin exchange market in the US, is

Bitcoin exchange market hacked for US$250,000 loss | Technology News Blog

news.yahoo.com 05 Sep '12, 8pm

Bitcoin exchange market hacked for US$250,000 loss: Bitfloor, the largest Bitcoin exchange market in the US, is

Bitfloor founder ceases operation until server hack can be resolved Bitfloor, the largest Bitcoin exchange market in the US, is temporarily halting trading until further notice after an attack on their system that led to hackers running away with US$250,000 worth of Bitcoins. If you've ever dabbled in online gaming cash shops, you may be familiar with what a Bitcoin is. Essentially, the service allows netizens to make virtual money transactions without exposing their bank information. This was set up to be a safer alternative to throwing your credit card number all over the internet, ironically enough, but this server compromise shows that nothing's safe in the world of online currency transactions. In fact, this isn't the first time Bitcoin has been in the news for stolen currency shenanigans. Bitfloor founder Roman Shtylman penned a heart-felt forum post to the service's...

Full article: http://news.yahoo.com/blogs/technology-blog/bitcoin-excha...

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@Rothbardian1627 » 06 Sep '12, 4pm
RT @PeteTulley: I'm still liking silver over #Bitcoin. Sorry :( [link] and [link]
@PeteTulley » 06 Sep '12, 4pm
I'm still liking silver over #Bitcoin. Sorry :( [link] and [link]
@FoundationDock » 05 Sep '12, 10pm
So much for that intangible money.....Bitcoin exchange market hacked for US$250,000 loss [link]
@drlo2010 » 05 Sep '12, 8pm
Bitcoin exchange market hacked for US$250,000 loss | Technology News Blog - Yahoo! News [link] via @YahooNews
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