06 Sep '12, 2am

Bitcoin exchange floored in virtual bank robbery - $250,000 stolen in security lapse

Bitcoin is a an open-source, peer-to-peer digital cash system launched in 2009. The Bitcoin "currency" has no physical manifestation - there are no banknotes, metal coins, or promissory notes signed with a flourish. You "mine" Bitcoins synthetically by solving a cryptographic problem. You then imbue these these cryptographic tokens with value and exchange them, and their assumed value, using a mostly-anonymous cryptographic protocol . By design, the cryptographic problem you need to solve to mint a Bitcoin gets exponentially harder over time, because computers get faster. This also has the effect of limiting the total number of Bitcoins that can ever be created. By the early 2030s, we'll be close to the asymptotic maximum of about 21 million Bitcoins. Forget regulations, forget Central Banks, and forget Her Majesty's Treasuries. Given enough computing power and electricity...

Full article: http://nakedsecurity.sophos.com/2012/09/06/bitcoin-exchan...

Tweets

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

Future of top US Bitcoin exchange in doubt afte...

thenextweb.com 05 Sep '12, 5am

BitFloor , a major Bitcoin exchange and the biggest in the US, today suffered a devastating loss after their servers were ...

Bitcoin exchange floored in virtual bank robber...

prwire.com.au 10 Sep '12, 1am

is a an open-source, peer-to-peer digital cash system launched in 2009. The Bitcoin "currency" has no physical manifestati...

Bitcoin exchange BitFloor suspends operations after $250,000 theft

Bitcoin exchange BitFloor suspends operations a...

theverge.com 05 Sep '12, 11am

Popular Bitcoin exchange BitFloor — described by its owner as "the #4 USD exchange and #1 in the US" — has been forced to ...

One poor security choice results in $250,000 Bi...

infoworld.com 06 Sep '12, 8pm

Bitcoin exchange Bitfloor reportedly suffered a virtual heist of 24,000 BTCs, worth a cool quarter-million U.S. dollars. T...

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 l...

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

Bitfloor founder ceases operation until server hack can be resolved Bitfloor, the largest Bitcoin exchange market in the U...

Future of top U.S. Bitcoin exchange in doubt as $250K in virtual currency stolen

Future of top U.S. Bitcoin exchange in doubt as...

venturebeat.com 05 Sep '12, 6am

The future of the top U.S. Bitcoin echange is in doubt after $250,000 in virtual currency was stolen last night. As CNet r...

One poor security choice results in $250,000 Bi...

infoworld.com 06 Sep '12, 9pm

Bitcoin exchange Bitfloor reportedly suffered a virtual heist of 24,000 BTCs, worth a cool quarter-million U.S. dollars. T...

BitCoin Exchange Loses $250,0000 After Unencryp...

pcworld.com 05 Sep '12, 8am

Hackers stole about US$250,000 from BitFloor, a BitCoin exchange, on Monday, and it does not have the money to reimburse a...

Popular Bitcoin Exchange Shuts Down After Attack - via @tecca

Popular Bitcoin Exchange Shuts Down After Attac...

mashable.com 05 Sep '12, 8pm

Like Tweet +1 Share Pin It Share Tecca Follow @tecca Bitfloor, the largest Bitcoin exchange market in the U.S., is tempora...

Theft forces Bitcoin firm offline: The US's big...

bbc.co.uk 05 Sep '12, 12pm

5 September 2012 Last updated at 13:06 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitc...

Bitcoin

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digitaltrends.com 08 Sep '12, 10pm

Hackers took off with $250,000 worth of Bitcoins from the Bitfloor currency exchange, leaving the site's reserves tapped a...

Theft forces Bitcoin firm offline

bbc.co.uk 05 Sep '12, 12pm

5 September 2012 Last updated at 13:06 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitc...

Theft forces Bitcoin firm offline

bbc.co.uk 05 Sep '12, 12pm

5 September 2012 Last updated at 13:06 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitc...

Internet currency exchange goes offline after massive Bitcoin theft

Internet currency exchange goes offline after m...

rt.com 05 Sep '12, 8pm

The administrator of the largest Bitcoin exchange in the United States says that a hacker has compromised the service, ste...