Bitcoin Trading Platform BitQuick Offline After Server Attack
Bitcoin trading platform BitQuick was the target of a cyberattack this week that temporarily resulted in unauthorized access to its server. The startup said on Tuesday that the platform had been taken offline due to a security incident. In a statement published today, BitQuick said that the attack, which took place on Monday, did not result in the loss of customer funds or sensitive information. The company explained: “The breach was immediately noticed, and the server was shutdown to prevent any further damage. We are still performing a formal investigation to determine the attack vector,....
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The bitcoin peer to peer exchange, BitQuick is currently offline after it was accessed by unauthorised user. Security is one of the major concerns when it comes to the bitcoin industry. There have been so many instances where the security of bitcoin platforms was breached by hackers, making away with loads of bitcoin. The history has taught bitcoin businesses not to compromise on the security of their products, as it may end up causing some serious damage to their reputation. Even with bitcoin exchanges and wallet providers implementing the best security features, they still face the....
In light of the recent Cryptsy debacle where millions of dollars worth of Bitcoin and other cryptocurrencies went missing after a malicious attack, another cryptocurrency exchange in BitQuick has become victim to hackers. In a blog post published on their website on March 17th, 2016, Founder and CEO as well as Customer Service Rep. (respectively) Jad Mubaslat & Chad Davis posted that the BitQuick servers were breached on March 14th, 2016. Unlike Cryptsy, the team at BitQuick hasn’t kept this breach a secret from its users for long and is updating publicly on their progress in dealing....
Many bitcoin enthusiasts will remember the sudden news of the BitQuick exchange platform being taken offline due to a server breach. The website itself was pulled down by the owners, and all of the outstanding funds was to be refunded to customers. However, there is still a small amount of funds that has not been returned to its rightful users, as no one....
Popular digital currency forum BitcoinTalk has been taken offline following a social engineering attack that resulted in a server compromise. The attack is said to have targeted the site's ISP, a company called NFOrce that is based in the Netherlands. During a social engineering attack, an attacker tries to manipulate the target with the goal of convincing them to divulge passwords or other sensitive information. The compromise was announced via the official BitcoinTalk Twitter account. Operator Theymos later took to the bitcoin subreddit to offer a more detailed explanation, writing: "The....
Peer-to-peer Bitcoin trading platform, BitQuick, has announced its integration of Pay to Script Hash (P2SH) multi-sig addresses through BitGo. This makes BitQuick the first major marketplace to implement multi-sig technology. BitGo, which launched the first ever multi-sig Bitcoin wallet back in 2013, provides its clients with three keys. Two of the keys, the user key-pair and the backup-key pair, are held by BitQuick, and one key is held by BitGo. The backup-key pair is stored in a secure offline location and can be used for fund recovery in the case of a BitGo service failure. In order to....