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27 Sep '12, 5pm

Hacked Bitcoin exchange BitFloor back online, founder promises to repay stolen funds

Hacked Bitcoin exchange BitFloor back online, founder promises to repay stolen funds

While the decentralized and anonymous nature of Bitcoin makes the currency attractive for thieves, the hack was a result of unrelated weak security, something Shtylman now says he's fixed. Many Bitcoin users expressed support online for getting the service back online, and Shtylman reports that "most users and existing members of the community have been very supportive." If he does actually pay back the money, it could also bolster confidence in the currency after recent pyramid schemes . Outside a relatively small group of devotees, though, banking with Bitcoin may still look risky.

Full article: http://www.theverge.com/2012/9/27/3418022/bitcoin-exchang...

Tweets

Hacked Bitcoin exchange Bitfloor reopens

finextra.com 28 Sep '12, 9am

In a Google+ post , founder Roman Shtylman has confirmed that the exchange is now back up and running after nearly a month...

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finextra.com 28 Sep '12, 9am

In a Google+ post , founder Roman Shtylman has confirmed that the exchange is now back up and running after nearly a month...

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