BREAKING: Bter Freezes Accounts After 7170 Bitcoin Theft, Offering ~10% Bounty
At time of writing, all trading at Chinese cryptocurrency exchange Bter.com has halted. The reason? The usual. 7170 BTC Missing. Bter has released no further details than the above screenshot indicates, as of yet. The transaction they are pointing to took place around 4:30 this morning (CST), which was about 6PM in Beijing. The exchange must have gone offline as soon as the missing funds were noticed, as this report is being written only a few hours after the fact. The initial receiving address of the coins was 18ywz63JuUjsQ9kWyKs48dnRd2w1Hix7FY. Wisely, the address was only used for this....
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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....
Popular Chinese Bitcoin exchange Bter went offline after being struck by a 7,170 BTC theft. The incident first came to the spotlight when some of the Bter users noticed a number of elite transactions moving from Bter's cold wallet to a random Bitcoin wallet address. After their successful completion, the aforesaid amount was further transacted to another wallet, a screenshot of which can be seen below. A few hours after the suspicious Bitcoin fund transfers, Bter issued a notice describing the actuality of this event. "7,170 BTC got stolen from our cold wallet in the transaction," the....
NXT developers announced to CCN that there would be no rollback. To view the announcement, visit our article here. This morning, around 50 million NXT was stolen from the popular cryptocurrency exchange BTER. The number is outstanding, as the amount stolen is near five percent of all NXT in existence. The proof-of-stake coin's community is now faced with a difficult decision that Vericoin developers faced a few months ago when hackers stole Vericoin from Mintpal. Either NXT allows the thief to get away with the funds, or they rollback the blockchain to just before the theft transaction....
Bter announces plans to refund 20,000 affected customers. It has been a difficult month for Bitcoin exchange Bter. On February 14th, 2015, 7,170 BTC was stolen from the exchange. The company launched efforts to trace the stolen bitcoins which led them to the mixing service known as Bitcoin Fog. In an exclusive interview with CCN, Bter officials explained that about 20,000 users were affected by the heist. The efforts at recovering the money from Bitcoin Fog have so far been unsuccessful. Bter has therefore opted to refund all of their clients who lost their bitcoins, a process that the....
In a tight and tense time, NXT has reached out to CCN to inform us and our readers that they will no longer be considering a blockchain rollback. After the BTER cryptocurrency exchange hack and theft of 50 million NXT coins, the community has been waiting for something to happen. This story has evolved from initial theft to ransom, to the hacker not fulfilling their end of the ransom, to bidding wars, to the blockchain rollback being offered and then taken off the table. In the event full of twists and turns, the NXT community stands by and the cryptocurrency world watches as the latest....