ShapeShift Thief Begins to Move Stolen Bitcoin
The Bitcoin stolen from cryptocurrency exchange ShapeShift has begun to move. In March of 2016, a hacker, aided by a rogue employee, stole more than $230,000 worth of cryptocurrency from ShapeShift. Most of it has not been recovered, and the perpetrator has not yet been identified. Erik Voorhees, CEO of ShapeShift, kept the general public appraised as to the situation during and after the hacking incident. Mixing transactions so as to confuse traceability. On June 30th, the stolen funds were moved to two separate addresses, one in a $205,666 chunk and the other in a $654 chunk. Each one of....
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Back in April, Erik Voorhees explained to Bitcoin.com the whole story of the ShapeShift hack with the “Looting of the Fox” and followed up with us in an interview about the situation. Now, the coins stolen by a hacker who collaborated with a rogue ShapeShift employee have left their original wallet, according to blockchain explorers. ShapeShift’s Stolen....
After a month of battling several attacks on Shapeshift’s trading platform, the company announced a full shutdown of their website to be reconstructed with improved security due to missing funds which tallied up to $230,000. The platform should be back on April 20. With the first attack on March 14, 315 BTC was stolen which resulted in ShapeShift’s decision of taking the site offline and relaunching. Two more attacks also managed to breach ShapeShift’s security and a further $124,000 was stolen. Throughout the course of several weeks, Shapeshift experienced a total of 3 attacks which....
Digital currency exchange ShapeShift lost as much as $230,000 in three separate thefts over the course of a month, according to an incident report prepared by the service and obtained by CoinDesk. The report comes days after ShapeShift was taken offline following a then-undetailed security incident that resulted in the loss of funds held in the exchange’s connected wallets. ShapeShift later said that it believed the theft was an inside job. According to the report, that employee stole $130,000 from ShapeShift in mid-March. The employee, who was not identified, later sold sensitive security....
BitComSec, the Bitcoin Community Security Project, have just released the second installment in the saga of Jimmy Bluey Amatong, entitled Tracking A Bitcoin Thief, Part II. This began as a true crime cyberthriller, then evolved into a lesson in what not to do with your hard earned Bitcoin, and ended with a plot twist worthy of Quentin Tarantino. Tracking A Bitcoin Thief, Part I exposed a mountain of evidence that Amatong was responsible for intentional, organized, long running fraud and computer intrusion aimed specifically at altcoin projects. Amatong's Xtrapool was nothing but a....
Bitcoin, as any system of man, exhibits together both the highest ideals of utopia, and the lowest residual trash of society. This is the story of how ShapeShift, a leading blockchain asset exchange platform, was betrayed. Not once, not twice, but three times in less than a month. In total, nearly two-hundred thousand dollars in cryptocurrency was stolen....