Hackers steal $1.2 Million of bitcoins from Inputs.io, a supposedly secure wallet service
In a phone interview with Australia's AM radio show Tradefortress responded to challenges that the theft was 'an inside job', though he insisted that he wouldn't be reporting the theft to the police because the bitcoins are untraceable and it would be impossible to track the culprit. When asked about his age, Tradefortress told the publication: "I'm over 18 but not much over." Tradefortresses' public identity still remains unknown, however his reputation on Bitcointalk seems to be questionable, with at least two members claiming to have been scammed by him for failing to deliver on coding....
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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....
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....
The popularity of Bitcoin is attracting all kind of attention. Unfortunately, that also means hackers and internet criminals start targeting Bitcoin users. A phishing campaign spanning over 100 fake domain names is threatening users all over the world. The objective is simple: steal bitcoins and obtain blockchain wallet credentials. It is not the first time Bitcoin users notice copycat websites trying to steal their login credentials. Blockchain.info, one of the traditional web wallet services, has dealt with copycat sites before. Bitstamp, one of the largest European Bitcoin exchanges,....
The bitcoin businesses, especially exchanges have become the favourite target for hackers. There have been and continue to be at the receiving end of numerous hacking attacks. These hackers have gotten lucky in few cases like that of Mt Gox and Bitstamp as they made away with millions of dollar worth in bitcoin. This is not the time to feel disheartened, as Case will put all your worries about the bitcoins you own to rest. Case Wallet, supposed to be the world's most secure hardware wallet developed by a Bitcoin start-up Cryptolabs will be available soon for bitcoin users. Thanks to the....
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....