AllCrypt.com Bitcoin Exchange Goes Down
The AllCrypt.com bitcoin exchange has gone down, and 42 bitcoins is reported missing. The Allcrypt.com site has a note posted saying "Allcrypt.com is down for a bit." Attempts are being made to resurrect the site, and details will be posted as they become available. "I'm not even sure there is anything to bring back up," the note says. The message on the site has been updated once since Monday morning. Earlier in the day, it noted that due to "some apparent exploit in WordPress," someone, somehow, got into the server, installed some files, and managed to empty the bitcoin wallet. Whoever....
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Just when the cryptocurrency industry thought that the market is already stabilizing, another bitcoin exchange shut down recently. AllCrypt.com announced on its website that it is "down for a bit" but attempts are still being made to revive the site. The bitcoin exchange has been down since Monday morning and the note on the page adds that owners are not sure if there's anything that can be done to bring it back up. This has driven bitcoin prices a bit lower in the start of the week, as threats of security have once again haunted the cryptocurrency. Bitcoin Exchange Losses. Currently,....
AllCrypt, the alt-coin exchange that was hacked some days ago, has posted a long explanation on their support blog. The explanation includes a Q & A, but mostly diverts responsibility away from the site's owners. The process of verifying the provenance of a hack is an arduous one indeed. Many times, hackers delete all logs on their way out, a wise move that makes it all the more difficult for the server administrator to figure out who ate his or her lunch. But the owner was able to determine what took place by reading the logs of the actual exchange, and was also able to get hold of an IP....
Another altcoin exchange has been hacked, not even a month after AllCrypt went down. Cryptoine, which offers a number of markets not available at larger exchanges, is down as of this morning, claiming a hack. The operators have promised to be forthcoming with details at an unspecified time and date. Race Condition Bug. As you can see, the exchange is claiming that the exploit happened as a result of a "race condition bug," which, in programming terms, means that uncontrollable events do not happen in the order the programmer intended. In a PHP program, this can often mean a bug in the way....
Newnote Financial, which is publicly traded (CSE: NEU. OTCQB: NWWTF. FSE: 1W4) on three international stock exchanges on two continents, has acquired Canadian Bitcoin exchange CoinTrader.net. In addition to its trading platform, CoinTrader has Bitcoin ATM machines in London and Tokyo, as well as a point-of-sale system called CoinZero. The deal was made for 1.5 million Canadian dollars in cash and stock, and was confirmed for CCN on Thursday morning. Also read: AllCrypt.com Bitcoin Exchange Goes Down. Founded almost two years ago by Vancouver group Bitcoiniacs, CoinTrader.net is the....
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