Bitstamp Claims $5 Million Lost in Hot Wallet Hack
Slovenian state-owned news agency STA is reporting that Bitstamp expects to resume services within 24 hours. Bitstamp has released a new statement regarding the security of its website, admitting that it has lost "less than 19,000 BTC", about $5.1m at press time. The revelation follows the disclosure that Bitstamp's wallet system was compromised, prompting it to halt deposits and later shut down its platform entirely. According to the statement, an undisclosed number of wallets were compromised and upon learning of the breach, the Bitstamp team issued warnings about deposits and moved to....
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Bitstamp CEO Nejc Kodrič has confirmed in a statement that "less than 19,000 BTC" was stolen due to a Bitstamp operational wallet being compromised. CCN has previously reported on this Bitcoin wallet, which seems to hold 18,866 BTC that was clearly siphoned away from Bitstamp hot wallets during the alleged timeframe of the Bitstamp hack. Notably, Kodrič does not use the word "hack" in any of his statements to reassure users that their personal information is safe. It could also lend credence to Jackson Palmer's theory that a weak RNG attack is responsible for the lost funds; though,....
A bitcoin address containing ~18,866 bitcoins may hold the stolen bitcoins from the Bitstamp hack on January 4th. Bitstamp confirmed last night that "we have reason to believe that one of Bitstamp's operational wallets was compromised on January 4th, 2015." According to data maintained by Bitstamp users keeping an eye on the public Bitcoin blockchain, Bitstamp may have been "hacked" for 12% of its bitcoins. UPDATE: Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet. Bitstamp has repeatedly reminded its users, who are currently locked out of the site,....
Digital currency exchange BTER announced that it has lost 7,170 bitcoins, or roughly $1.75 million at press time, in an apparent hack on its cold wallet system. In a statement posted to the China-based exchange's website, the company said that it had shut down its platform in the wake of the attack and that withdrawals for user balances "will be arranged later". A separate post on Chinese social media platform Weibo from BTER claimed that it was working with law enforcement officials on the matter. Initially, BTER had posted on its website that a "security check" was underway and that the....
Patrick Murck joined Quest Means Business to discuss the security concerns over bitcoin from Bitcoinist.net on Vimeo. Patrick Murck discusses on CNN the Bitstamp hot wallet hack and how exchanges are doing better despite the hack in protecting customer funds. He also illustrates that this is not a MtGox type situation as well as how far we have come in digital security.
Bitstamp has announced integration with the Ledger hardware wallet platform, allowing users to send their BTC directly to and from cold storage. Bitstamp Integrates Ledger Wallet’s BOLOS Protocol. This summer’s Bitfinex hack, resulting in the loss of $70 million USD in bitcoin, has shaken the entire community. However, it has also led some exchanges to....