LocalBitcoins users report stolen Bitcoin from their account
A user don4of4 posted a warning message to other LocalBitcoins.com users that others have been reporting news of stolen bitcoin from their wallets on the website. The user claims that he didn’t believe it first, but when he saw that his 5 Bitcoin were transferred from his account without his permission or order considering, he had a 30 character random password and Google Authenticator set up, he realized something was definitely not right. Don4of4 writes he changed his password after the heartbleed vulnerability was known. Don4of4 posted a picture of his account showing the BTC address....
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The fraudulent LocalBitcoins app has been removed from the Google Play app store. A fake LocalBitcoins app is being distributed on the Google Play store in a bid to steal user bitcoins. The Helsinki-based bitcoin exchange said that it has reached out to the app store to have the fraudulent app removed. LocalBitcoins staff said earlier today that upon download the fake app seeks "to get access to your account by having you activate HMAC authentication for your account". Five reviewers on the Google Play store posted claims that their bitcoins had been stolen as a result of downloading the....
"Be advised that sellers and buyers have been reporting stolen funds from their Localbitcoins wallet all day today," posted a user on social sharing website Reddit on Thursday. With a 30-character password and two-factor authentication, the user reported losing his funds on the LocalBitcoins service - a platform that allows bitcoin buyers and sellers to trade coins for cash and vice-versa. He wasn't the only one. A number of other users reported the same issue, raising concerns that the LocalBitcoins website/platform had somehow become vulnerable to a malicious attack. The service took to....
Imagine being on a chat. You think you're talking to a friend or to a co-worker, or maybe you're trying to contact a company to see about replacing something that was lost or damaged in a recent order. In the midst of it all, a hacker integrates the chat system you're using, logs in and steals all of your bitcoins. Pretty upsetting, right? Well, for a few users of peer-to-peer marketplace LocalBitcoins, that's exactly what happened, and many feel that the event is just one too many in a recent string of hackings that include an attack on European exchange Bitstamp, which resulted in $5....
One of the most popular ways for users to buy and sell bitcoin has announced a change that is sure to upset German digital currency enthusiasts. LocalBitcoins.com took to their Twitter account on Monday to announce that their services will no longer be available to users in Germany. The announcement comes much to the displeasure of those reliant on the service to acquire or get rid of their bitcoins. LocalBitcoins.com has said the reason relates to "regulatory reasons," though the service didn't exactly specify which regulations were preventing them from continuing their operation in the....
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....