LocalBitcoins User Funds Stolen After Chat Client Hack
Peer-to-peer bitcoin marketplace LocalBitcoins suffered a hack this week that resulted in the distribution of malware and a loss of customer funds. Affected users will be granted refunds after taking steps to address security vulnerabilities, according to the company. LocalBitcoins vice president Nikolaus Kangas acknowledged the hack on 27th January in a forum post, outlining how the intrusion took place through its LiveChat account, with an estimated 17 BTC lost from customer wallets. The bitcoin marketplace has experienced security-related problems before, including an incident last year....
Related News
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....
A user don4of4 posted a warning message to other LocalBitcoins.com users that others have been reporting news of stolen bitcoin from their wallets on the website. The user claims that he didn’t believe it first, but when he saw that his 5 Bitcoin were transferred from his account without his permission or order considering, he had a 30 character random password and Google Authenticator set up, he realized something was definitely not right. Don4of4 writes he changed his password after the heartbleed vulnerability was known. Don4of4 posted a picture of his account showing the BTC address....
Crypto exchange Deribit halted withdrawals following a hot wallet hack where hackers got away with $28 million in stolen funds. Major cryptocurrency derivatives exchange Deribit has halted withdrawals after suffering a $28 million hot wallet hack.Deribit exchange got its hot wallet compromised before midnight UTC on Nov. 1, the firm reported on Twitter.The exchange emphasized that client funds are safe as losses are covered by Deribit’s reserves, stating:“Client assets, Fireblocks or any of the cold storage addresses are not affected. It's company procedure to keep 99% of our user funds....
"Be advised that sellers and buyers have been reporting stolen funds from their Localbitcoins wallet all day today," posted a user on social sharing website Reddit on Thursday. With a 30-character password and two-factor authentication, the user reported losing his funds on the LocalBitcoins service - a platform that allows bitcoin buyers and sellers to trade coins for cash and vice-versa. He wasn't the only one. A number of other users reported the same issue, raising concerns that the LocalBitcoins website/platform had somehow become vulnerable to a malicious attack. The service took to....
As if there weren’t already enough examples as to why centralized databases are not a viable solution, the hack of VTech’s servers sheds an unwelcome light on this situation. VTech is a well-known electronic toys and apps maker, who recently saw data of nearly five million customers being leaked. A large portion of those customers are children, and the stolen data includes pictures and chat logs. Whenever centralized servers and databases get compromised, there is always a price to pay. In the case of the VTech hack, however, that price far higher than anyone would have liked it to be.....