20,000 Customers Affected as Bter Scrambles to Refund Stolen Bitcoin
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....
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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....
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....
According to reports from the NXT community and BTER, a rollback is no longer being actively considered. BTER announced on Twitter that it would seek to retrieve the stolen funds through other means. The company said: We have decided not to rollback but get the stolen funds back from the hacker since we have got lots of information of him. - Bter.com Exchange (@btercom) August 15, 2014. Update (15th August 22:15 BST): Updated with feedback from NXTOrganization. BTER is reporting that 50m NXT, or roughly $1.65m at press time, has been stolen from its exchange following an attack on one of....
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....
According to the Financial Conduct Authority, Tesco Bank needs to refund unauthorised payments immediately. Banking woes can hit anyone in every country at any given time. Customers of Esto Bank have come to realize that fact, although there are dire consequences. Online payments for all account holders have been halted, and over 20,000 accounts are affected by an unspecified theft. Things aren’t looking all that good for these UK bank customers, to say the least. Not having access to banking services is bad enough, but losing money is never a fun experience. Over 20,000 Tesco Bank users....