Localbitcoins Shrugs Off Security Breach
Digital currency exchange Localbitcoins suffered a security breach over the weekend, but was quick to respond by taking the site offline and reassuring clients that their bitcoins and user data are safe. The exchange described the attack as "very dangerous" and said it targeted the site infrastructure. The breach occurred on Sunday and allowed the intruder to briefly gain access to the server console. Hosting weakness. The attack appears to have been carried out with some good old-fashioned social engineering. Localbitcoins explained: "Localbitcoins hosting received a request to restart....
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Following yesterday's statement from LocalBitcoins regarding issues with its wallet service, the website has released its follow-up investigation report. The report focused in part on claims that the site's two-factor authentication failed to prevent a wallet breach. LocalBitcoins also addressed the cause of withdrawal delays that took place as users tried to move their bitcoins away from the site following the posting of user concerns on reddit. The LocalBitcoins team wrote in the report's introduction: "LocalBitcoins team did not found any evidence of compromised site security." Report....
Bitcoin exchange LocalBitcoins is currently experiencing a lengthy outage brought about by server hardware issues. However, the exchange has reassured its users that all bitcoins are safe and sound. LocalBitcoins confirmed the outage in a blog post on Sunday with a brief statement: "Our server had gone down yesterday. The reason might be hardware failure. We are researching the issue and trying to get the site back up." The company also tweeted that no bitcoins or data had been lost in the outage: Trying to get service back up. Can't provide ETA yet. All btc is safe, all data is safe, this....
Bitfinex suspends trade after discovering a security breach. Confirms loss of bitcoin, exact figures awaited. Bitfinex, one of the leading digital currency exchange, today reported that it has faced a security breach. Following the discovery, the exchange reportedly halted all its bitcoin trading operations until further notice. “Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex” According to the Bitfinex homepage, the breach was discovered at around 18:00 UTC, same time when....
The recent Shapeshift security breach may have been an inside job, says Eric Voorhees. Shapeshift.io, the cryptocurrency exchange was recently faced with a security breach, forcing it to temporarily suspend its operations. The security breach on April 7, 2016, had compromised the platform’s server infrastructure which threatened the fate of future transactions on it. In order to fix the system and be sure that nothing is amiss, the company decided to replace the server infrastructure instead of fixing the issues on the existing setup. In order to completely revamp the platform’s backend....
The process of purchasing bitcoins on a LocalBitcoins ATM will not require an Internet connection. It seems a few arrests in Florida are not going to slow down progress over at LocalBitcoins. LocalBitcoins ATMs are now in production, and users will soon be able to make local trades without having to find a human counterparty. Their ATMs will allow anyone to buy or sell bitcoins, and the most amazing feature of these new devices might be that they don't require an Internet connection to function. Instead of connecting with your phone, the LocalBitcoins ATM will give a user a redeemable code....