Hackers steal more than a million dollars worth of Bitcoin

Share this article:

Bitcoin eWallet Inputs.io was left unable to pay an undisclosed number of user balances after the service was hacked on Thursday and relieved of 4,100 Bitcoins. That translates to about $1.1 million.

“The attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset),” according to a post on the Inputs.io website. “The attacker was able to bypass [two-factor authentication] due to a flaw on the server host side.”

Bitcoins are a form of peer-to-peer internet currency – also known as cryptocurrency – and Inputs.io built something of a reputation in the Bitcoin-trading community for its security, which includes bcrypted passwords, two-factor authentication and GPG authentication.

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

TOP COMMENTS

More in News

Millenials improve security habits, more interested in cyber careers, still need guidance

Millenials improve security habits, more interested in cyber ...

Raytheon's second annual survey on the online and security behavior of Millennials shows improvement but still a long way to go.

Pakistani man indicted over spyware app creation

Hammad Akbar created StealthGenie, which allowed the purchaser to secretly monitor a cell phone's communications.

FDA finalizes guidelines on medical device, patient data security

The recommendations are aimed at providing better protecting patient health and data, as well as hoping device manufacturers take into account cybersecurity risks in the early stages of development.