Inputs.io Hacked: About 4100 Bitcoins Stolen
Some unfortunate news coming from the Inputs.io camp today. 'The most secure wallet ever created,' as it is stated on their website has found themselves hacked, losing about 4100 BTC of user funds (that's over one million US dollars). According to Inputs.io, "the attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA [2-factor-authentication] due to a flaw on the server host side." The incident is unfortunate, and is certainly infuriating for users of the....
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Earlier this week we reported on the unfortunate incident in which Inputs.io wallets were hacked and a large amount of Bitcoins were stolen. 4100 Bitcoins, in fact (over 1 million USD). But what may be more interesting here is that the service's owner, known simply as TradeFortress told an Australian publication that he does not plan to report event to police due to "extremely limited actions" that could be taken by law enforcement - referencing the difficulty in tracking Bitcoin transactions down to one person or group. The theft is worth over $1 million, however. Would this not be reason....
It can be difficult for the average user to keep his or her Bitcoins safe. If you keep your BTC in an online wallet, it's possible for the service to get hacked and for your Bitcoins to get stolen, like what happened with Inputs.io. 4100 BTC were stolen from Inputs.io, which is roughly worth $3.5 million at the time of this post. If you store your Bitcoins locally using something like Bitcoin-QT, you have to be sure to make secure, encrypted backups to avoid losing your coins. There's really no perfect solution that combines security and convenience. Even the widely-trusted and used....
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Content theft has persisted as one of the worst ills of the internet generation. Data breaches and identity thefts have always left victims with a sour taste. Bitcoin wallets have been hacked and owners’ wealth stolen on several cases. Are there ways to ultimately prevent one’s wallet from being hacked? Is there any way of recovering stolen funds from a hacked wallet? Are exchanges obliged to refund Bitcoins stolen from a virtual wallet? Every hoster of virtual wallets and exchanges will always inform wallet owners of the importance of employing sometimes very basic, and at other times a....
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