Bitcoin Payment Service BitPay Reports Hack and Loss of 5000 BTC
Recently revealed court documents have shed light on the inner turmoil at Bitcoin company BitPay. The Atlanta, Georgia based company lost 5000 bitcoin in December of 2014 after the Chief Financial Officer’s email was hacked. Following the email compromise, the hacker was able to spoof emails to the CEO, and request amounts totaling to 5000 BTC on three separate occasions. BitPay proceeded to file an insurance claim for the amount for the money, but was denied in June of 2015. BitPay has since sued their insurance company. With a social engineering attack such as this, even if BitPay’s top....
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The false tweet. Source: BitPay. The folks over at BitPay aren't kidding around when it comes to the security of their users. The digital currency payment processor today vehemently dismissed rumors that their service was somehow hacked - putting user funds at risk. A Twitter user by the handle @petertwynn posted the following text on Saturday:
Bitwala has announced that it will begin process all Euro transfers via payment processor BitPay and with it - provide the best exchange rate in the market. Netherlands-based Bitwala, a crypto-to-SEPA service that uses its own bank account to make fiat-currency transfers to settle payments for its users who pay in bitcoin; has claimed to provide the best exchange rate for all Euro transfers. In a blog post, Jörg von Minckwitz, CEO of Bitwala said: We are now proud to announce that we have made one of our biggest steps since we were founded this past March. From today on, all Euro transfers....
The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin and cryptocurrency payment services provider Bitpay has announced the launch of a new product called Bitpay Send. The new platform is called a mass payout service and it aims to help employers and other types of organizations pay workers in crypto. In addition to the Bitpay Send launch, the firm also....
BitPay, a Bitcoin payment processing company, has announced that they are partnering up withSurfEasy so that SurfEasy customers can pay for a no-log VPN service with Bitcoin. SurfEasy specializes in privacy and focuses on making the internet safe, secure, and private for users. SurfEasy does not keep any personal information about customers or what they do online, downloads and browsing histories are not stored anywhere. SurfEasy believes in privacy by design rather than by trust. Also read: Bitcoin Payment Processor Bitpay Goes Free and Unlimited Forever. SurfEasy: No-Log VPN Partners....
There are high ceilings and low floors when it comes to crypto at times. Another hack came to life this week, and early reports have stated that the hack was a front-end compromise that led to users being tricked into approving unwanted transactions. The news comes after a $35M DeFi hack of the Vee Finance protocol in recent months, and our team at NewsBTC reported around mid-year that crypto hacks and fraud were on pace for a record year. This week’s BadgerDAO compromise is one of DeFi’s biggest yet. BadgerDAO Hack: What We Know The protocol cited “reports of....