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

Florida Supreme Court rules warrants a must for real-time cell location tracking

Florida Supreme Court rules warrants a must for ...

The Florida Supreme Court put the kibosh on warrantless real-time tracking using location data obtained from cell phone providers.

Modular malware for OS X includes backdoor, keylogger components

Modular malware for OS X includes backdoor, keylogger ...

The modular malware was named "Ventir," by researchers at Kaspersky.

Fake Dropbox login page nabs credentials, is hosted on Dropbox

Fake Dropbox login page nabs credentials, is hosted ...

Symantec researchers received a phishing email linking recipients to a fake Dropbox login page that is hosted on Dropbox's user content domain and served over SSL.