7,170 BTC Stolen from BTER Cold Wallet, Bounty Offered
BTER's site has suspended trading services and reports a theft of 7,170 bitcoins, worth roughly $1.7 million, from its cold wallet.
BTER is a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange in China that also offers a variety of altcoin trading. A few months ago, hackers stole over 50 million nxt, then worth $1.65 million, from the exchange. The hacker returned some of the funds after negotiations.
The home page of the website is now replaced with a message indicating the attack and offering a 720 BTC bounty for anyone recovering the funds. A link to the transaction on Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.info is provided, where one observes that it was split into dozens of smaller transactions, mostly in 15 BTC denominations.
The page also says, "All wallets have been shut down and withdrawals of the unaffected coins will be arranged later."
Trouble had been brewing earlier in the weekend when the exchange went offline and users observed the transactions in the blockchain. At the time, BTER said that it had suspended services due to a "security check."
It is rare to hear of a cold wallet getting hacked. As the coins are physically disconnected from the internet, the chances of successfully generating their expenditure on the blockchain are extremely low. The fact that it was the cold wallet that was hit led some to believe that it was an inside job.
BTER's site has suspended trading services and reports a theft of 7,170 bitcoins, worth roughly $1.7 million, from its cold wallet.
BTER is a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange in China that also offers a variety of altcoin trading. A few months ago, hackers stole over 50 million nxt, then worth $1.65 million, from the exchange. The hacker returned some of the funds after negotiations.
The home page of the website is now replaced with a message indicating the attack and offering a 720 BTC bounty for anyone recovering the funds. A link to the transaction on Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.info is provided, where one observes that it was split into dozens of smaller transactions, mostly in 15 BTC denominations.
The page also says, "All wallets have been shut down and withdrawals of the unaffected coins will be arranged later."
Trouble had been brewing earlier in the weekend when the exchange went offline and users observed the transactions in the blockchain. At the time, BTER said that it had suspended services due to a "security check."
It is rare to hear of a cold wallet getting hacked. As the coins are physically disconnected from the internet, the chances of successfully generating their expenditure on the blockchain are extremely low. The fact that it was the cold wallet that was hit led some to believe that it was an inside job.