Blockchain Reimbursing Stolen Bitcoins to Users

Hundreds of bitcoins were stolen from Blockchain.info users. The company admitted that a technical issue during a software update of the popular Bitcoin wallet created a temporary security hole, and is now reimbursing the users who lost their bitcoins. Also read: Blockchain Reimbursing Stolen Bitcoins to Users. The security hole was only open for a couple of hours, but that small window was apparently enough for hackers to take bitcoins from many Blockchain.info users. On Reddit, a user complained of losing 100 bitcoins after creating a new wallet via Blockchain.info and depositing money....

Thousands of bitcoins have been stolen from users since the virtual currency started, and yet we can see all of these thefts happen, in real time, on the block chain. We know which addresses the stolen coins are sent to, and which ones they are stolen from. We can track the life of a bitcoin through the network. Why, then, can't we simply take those stolen coins out of commission? A UK-based digital forensic services firm, Systech, has begun offering a recovery service for lost and stolen bitcoins. The service is twofold: firstly, it will use its traditional forensic data recovery....

It was recently reported that blockchain.info users had up to 250 bitcoins lost during a security lapse that took place during the early hours of Monday, December 8th. The site took full responsibility for the situation on Twitter, announcing that they were at fault and would work towards reimbursing any whose funds may have disappeared during the event. Now, what can only be described as a "hacker with morals" has come forward to confess that he had taken (and has now returned) the lost bitcoins. Going by the name 'johoe' on the popular forum Bitcoin Talk, the hacker explains: "There were....

Kucoin, a Singaporean cryptocurrency exchange, disclosed that it was hacked and plans on reimbursing customers whose funds were stolen.

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....