Steam Community Reports Coinbase Account Hacked; All Bitcoins Lost
There is a developing story of a hack targeted at the Steam community through their KeyVendor bot. Steam just started accepting Bitcoin earlier this year, and KeyVendor is a popular bot program within the community that apparently uses Coinbase for Bitcoin security and conversion. On Monday night, ‘Jambo’ of KeyVendor.net revealed the theft on their Bitcoins and wasted no time laying the blame at the feet of Coinbase. “Our payment processor Coinbase.com was exploited and all Bitcoin and keys were stolen from the KeyVendor bot,” Jambo said in an initial community announcement. “These total....
Related News
KeyVendor, a Steam Bitcoin to keys exchange bot is back to normal after Coinbase restored access to its disappeared Bitcoin funds following a glitch. The Steam CS:GO community is a happy lot after the funds that were thought to be stolen from a Steam Bitcoin trader bot, Keyvendor.net was recovered. KeyVendor, a Steam bot allows people to buy Steam CounterStrike: Global Offensive keys for Bitcoin. The owner of KeyVendor announced last week that over $15,000 in funds were stolen from the bot’s associated Coinbase account. Following the announcement, the Steam community expected the worst. In....
New York City-based bitcoin exchange Coinsetter today announced a new program that will allow its user base to fund their account via Coinbase. This rebate program is only being offered to customers in the Untied States, and allows these traders to purchase bitcoins on Coinbase via an ACH transfer to fund their Coinsetter account. Coinsetter will then reimburse the trader for fees incurred on Coinbase's service, which has traditionally been 1 percent. The company writes (via their blog): We're excited about this program because it allows users to completely bypass interacting with....
Today, I had the privilege of chatting with johoe, the white hat hacker who swept over 800 bitcoins from addresses generated with a security error on Blockchain.info's webwallet. After learning that the insecure addresses were generated on Blockchain.info, johoe returned all of the bitcoins he obtained to Blockchain.info, so they could refund users who lost their bitcoins. johoe is considered to be a white hat hacker because he hacked ethically. johoe continues to return bitcoins to Blockchain.info as he finds them. johoe has received praise from bitcoiners on reddit, BitcoinTalk, and....
Coinbase customers are venting again in frustration with the lack of customer support from the $65 billion company. Coinbase is under fire for terrible customer service following reports of users accounts being hacked and drained of funds. According to an Aug. 24 investigation by CNBC, thousands of customers across the country have lodged complaints against the company.The outlet stated that it had interviewed numerous Coinbase customers who claimed hackers had drained their accounts, with the issue exacerbated by the exchange not responding to support requests:Interviews with Coinbase....
Starting today, anyone can store his/her bitcoins in a Coinbase Vault. Earlier in July, the popular Bitcoin exchange, wallet, and payments processor - Coinbase, announced Coinbase Vault, a free, optional service for safer long-term Bitcoin storage. The Vault wasn't immediately available to all users, and was instead gradually rolled out. General availability was targeted for July 16th, and although Coinbase seems to have missed their target by a few days, the Vault is now available to all users worldwide. Features. The general recommendation for Bitcoin wallets is to store a small....