BTER Allegedly the First in a Long Line of Hackings and Attacks

BTER Allegedly the First in a Long Line of Hackings and Attacks

As it turns out, we were all so concerned with the recent attack on BTER that we didn't even notice the other hacks occurring on "neighboring" exchanges, and while evidence is currently limited, it is being whispered amongst members of the crypto community that all three attacks were coordinated, heavily planned and are possibly even linked. Recently, exchanges Excoin and HitBTC joined BTER as the latest groups to suffer a hack, and it is being reported that millions have been stolen from a great number of financial institutions, suggesting that it's not just the bitcoin arena that's been....


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Do Cryptocurrency Exchanges steal or are they just badly built? Keep away from Bter.com

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Chinese Bitcoin Exchange Bter Hacked: HitBTC Also Offline

Popular Chinese Bitcoin exchange Bter went offline after being struck by a 7,170 BTC theft. The incident first came to the spotlight when some of the Bter users noticed a number of elite transactions moving from Bter's cold wallet to a random Bitcoin wallet address. After their successful completion, the aforesaid amount was further transacted to another wallet, a screenshot of which can be seen below. A few hours after the suspicious Bitcoin fund transfers, Bter issued a notice describing the actuality of this event. "7,170 BTC got stolen from our cold wallet in the transaction," the....

20,000 Customers Affected as Bter Scrambles to Refund Stolen Bitcoin

Bter announces plans to refund 20,000 affected customers. It has been a difficult month for Bitcoin exchange Bter. On February 14th, 2015, 7,170 BTC was stolen from the exchange. The company launched efforts to trace the stolen bitcoins which led them to the mixing service known as Bitcoin Fog. In an exclusive interview with CCN, Bter officials explained that about 20,000 users were affected by the heist. The efforts at recovering the money from Bitcoin Fog have so far been unsuccessful. Bter has therefore opted to refund all of their clients who lost their bitcoins, a process that the....