OzCoin Hacked, Stolen Funds Seized and Returned by StrongCoin
OzCoin, one of the larger Bitcoin mining pools, has reported that an unknown attacker managed to hack into their server, defacing their website and database and stealing 923 BTC ($135,000) from their Bitcoin wallet. However, in less than a day over half of the money was seized as it was passing through the web wallet StrongCoin, and promptly returned to....
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Online wallet system StrongCoin is launching a new distributed exchange service to purchase bitcoins. StrongCoin founder Ian Purton already runs an OTC exchange called Bitcoinary. An OTC exchange is different from a traditional exchange such as Mt. Gox or BitStamp, because it doesn't require you to hold funds in an account, or process trades for you. Instead, it enables people to find each other directly, and arrange a trade themselves. Now, he's also creating what he calls a distributed exchange. Operated as part of his StrongCoin encrypted online wallet service, it will pair bitcoin....
The FBI is not bidding on stolen National Security Agency (NSA) source code with bitcoins seized from Silk Road, contrary to a widely reported allegation. That’s according to security experts interviewed by The Hill. The allegation emerged when a bitcoin user sent money to both an NSA source code account and the seized bitcoin account, but no money changed between the accounts, according to experts. NSA Source Code Hacked. Last week, a group called the Shadow Brokers claimed to have hacked NSA source code and offered to sell hacked source code in exchange for the most generous financial....
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CoinEx is online again, after being hacked two weeks ago. 50% of missing funds will have to be found in transaction fees. Only BTC and LTC markets are open at the moment. Two weeks ago, I reported on cryptocurrency exchange Coinex.pw being hacked. All coins were stolen, and the site went offline. After two days, founder Erundook posted a statement at Bitcointalk, saying Coinex would reimburse the stolen coins from their own pockets. Needless to say, the community felt worried and didn't want to take Erundook's word for it. As of today, Coinex is back online. Not enough funds. On March....
A bitcoin trader in Scotland has had thousands of pounds returned to him after they were seized by police during a money laundering investigation in May. According to Herald Scotland, Max Flores' money was returned to him last month, following his solicitor's appeal. The trader - who is unsure as to whether the seizure will have a negative effect on his credit rating - estimates he lost approximately £1,200 of his original £5,500 in legal fees. Laura Irvine, an associate at bto solicitors, told the Herald that her customers' money had been seized under the Proceeds of Crime Act 2002, which....