Steam Key Trading Bot: Coinbase Glitch Caused Missed Bitcoin Payments
KeyVendor.net, a bot for trading bitcoin keys used by the Steam entertainment platform, was not able to pay some customers their bitcoin a few days ago on account of a glitch at Coinbase, according to a notice KeyVendor posted on steamcommunity.com. The problem has been resolved, and KeyVendor paid everyone their missing bitcoin an extra 10% for the inconvenience, totaling about $210 extra. Coinbase was exploited and keys and bitcoin were stolen from the KeyVendor bot, totaling $15,000. Coinbase handled the problem within two days, according to Key.Vendor.net. Coinbase Took Responsibility.....
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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....
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