BTER Allegedly the First in a Long Line of Hackings and Attacks
As it turns out, we were all so concerned with the recent attack on BTER that we didn't even notice the other hacks occurring on "neighboring" exchanges, and while evidence is currently limited, it is being whispered amongst members of the crypto community that all three attacks were coordinated, heavily planned and are possibly even linked. Recently, exchanges Excoin and HitBTC joined BTER as the latest groups to suffer a hack, and it is being reported that millions have been stolen from a great number of financial institutions, suggesting that it's not just the bitcoin arena that's been....
Related News
The price of bitcoin has risen from yesterday... Another ten dollars at the time of this writing, thereby placing the price at around $245... In the midst of this good news, however, I'm not so sure if we should be celebrating or if we should still be worried. The price of bitcoin has jumped about $20 over the last two weeks, and while this is indeed a refreshing sign for most, there are several problems currently running amok in the bitcoin community. Between the recent string of hackings on BTER, Excoin and HitBTC that have caused probably millions of dollars in bitcoins to disappear, it....
Chinese altcoin exchange BTER was the subject of a monster-sized hack last February that saw to nearly $2 million in bitcoins being stolen from the company's cold wallet reserves. It was the second largest cyberattack of the year, and many felt sympathy towards the exchange; after all, it was one in a long line of recently victimized exchanges and businesses between MyCoin, Excoin and several others, but when the company announced that it wouldn't be able to pay back any stolen funds, sympathy turned to anger and fear, and many began voicing their concerns over the lack of insurance in the....
Stay away from Bter.com. We have received multiple reports from different users of the cryptocurrency exchange Bter.com that they have lost their cryptocurrencies using the exchange. After investigating Bter, it's clear that they seem to have a big problem with their service or that they are stealing coins from their users. We sent Bter an email yesterday giving them 24 hours to respond regarding the alleged accusations, but we have not heard a single word from them yet. Users of Bter.com are also complaining about the lack of support and response from their customer service (if they....
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....
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....